Average Weekly Hours of Production Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois
SMU17000004142500007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.30
Year-over-Year Change
5.65%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the wholesale trade industry, specifically for wholesale trade agents and brokers in Illinois. It provides insights into labor market conditions and economic activity in this sector.
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 of Production Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois indicator tracks the average number of hours worked per week by production employees in this specific industry and geographic area. It serves as a key metric for analyzing labor market dynamics and productivity in the wholesale trade sector.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the health and performance of the wholesale trade industry in Illinois.
Key Facts
- The series has been tracked since 1990.
- Illinois accounts for a significant portion of the U.S. wholesale trade industry.
- Fluctuations in this metric can signal changes in economic conditions and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the wholesale trade industry, specifically for wholesale trade agents and brokers in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and economic activity in the wholesale trade sector, which is an important component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the health and performance of the wholesale trade industry in Illinois, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Labor Statistics survey process.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois (SMU17000004142500007), retrieved from FRED.