Average Hourly Earnings of All Employees: Leisure and Hospitality in Delaware
Annual
SMU10000007000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.62
Year-over-Year Change
47.96%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average number of paid holidays per year for private-sector employees in the United States. This key metric provides insights into worker benefits and compensation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend represents the average number of paid holidays, including vacation days, personal days, and company-observed holidays, offered to private-sector employees annually. This data is used by economists and policymakers to assess labor market conditions and worker benefits.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is relevant for understanding workforce trends and informing labor and employment policies.
Key Facts
- The average number of paid holidays is around 8 days per year.
- Paid holidays are a significant component of worker benefits.
- The Annual trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of paid holidays per year for private-sector employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into worker benefits and compensation, which are important factors for understanding labor market conditions and informing employment policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is relevant for understanding workforce trends and informing labor and employment policies.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Annual (SMU10000007000000003A), retrieved from FRED.