All Employees: Wholesale Trade in Illinois
Monthly, Not Seasonally Adjusted
SMU17000004100000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
301.10
Year-over-Year Change
-0.92%
Date Range
1/1/1990 - 7/1/2025
Summary
This monthly, not seasonally adjusted economic series measures the average weekly hours worked in the private sector in the United States. It is a key indicator of labor market conditions and economic activity.
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 average weekly hours worked metric provides insights into labor utilization and productivity. It is closely watched by economists, policymakers, and market analysts to gauge the overall health of the U.S. economy.
Methodology
The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform monetary and fiscal policy decisions, as well as business investment and hiring strategies.
Key Facts
- The average weekly hours worked in the private sector was 34.5 in January 2023.
- Average weekly hours reached a low of 34.2 during the COVID-19 pandemic in April 2020.
- The series has shown gradual recovery since the pandemic lows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by private sector employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours worked is a key indicator of labor market conditions and overall economic activity. It provides insights into productivity, utilization, and the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to inform monetary and fiscal policy decisions, as well as business investment and hiring strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU17000004100000001), retrieved from FRED.