Average Weekly Hours of All Employees: Financial Activities in Illinois
SMU17000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.80
Year-over-Year Change
-1.10%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average weekly hours worked by all employees in the financial activities sector in Illinois. It provides insights into the labor market and economic conditions in the state's financial industry.
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 All Employees: Financial Activities in Illinois trend tracks the average number of hours worked per week by all employees, including full-time and part-time workers, in the financial activities sector within the state of Illinois. This metric is a key indicator of labor market dynamics and economic activity in the financial industry.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the health and outlook of Illinois' financial sector.
Key Facts
- The data is published monthly by the U.S. Bureau of Labor Statistics.
- Illinois is a major financial hub, home to the Chicago Stock Exchange.
- The financial activities sector includes banking, insurance, and real estate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees, including full-time and part-time workers, in the financial activities sector within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic conditions in Illinois' financial 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 establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the health and outlook of Illinois' financial sector, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Illinois (SMU17000005500000002), retrieved from FRED.