Average Weekly Hours of All Employees: Professional and Business Services in Hawaii
SMU15000006000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.80
Year-over-Year Change
-6.28%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Professional and Business Services in Hawaii measures the average number of hours worked per week by employees in the professional and business services sector in Hawaii.
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
This economic indicator provides insights into the labor market and productivity in Hawaii's professional and business services industry. It is used by economists and policymakers to analyze employment trends and labor market conditions.
Methodology
The data is collected through surveys of businesses and establishments in Hawaii.
Historical Context
This trend is relevant for understanding the state of Hawaii's economy and labor market.
Key Facts
- Hawaii's professional and business services sector employs over 100,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- The professional and business services industry is a key driver of Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the professional and business services sector in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and productivity in Hawaii's professional and business services industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Hawaii.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze employment trends and labor market conditions in Hawaii.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Professional and Business Services in Hawaii (SMU15000006000000002A), retrieved from FRED.