Average Weekly Hours of All Employees: Leisure and Hospitality in Illinois
SMU17000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.80
Year-over-Year Change
3.77%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Leisure and Hospitality in Illinois' trend measures the average number of hours worked per week by employees in the leisure and hospitality sector in the state of Illinois. This metric is a key indicator of economic activity and labor market conditions in the state's service 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
This series tracks the average weekly hours of all employees, both full-time and part-time, in the leisure and hospitality sector in Illinois. It provides insights into workforce utilization and can signal changes in consumer demand, business operations, and broader economic trends within the state's service-based industries.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and recovery of Illinois' leisure and hospitality sector, which is a significant contributor to the state's economy.
Key Facts
- Illinois' leisure and hospitality sector employs over 600,000 workers.
- The average weekly hours in this sector have fluctuated significantly during the COVID-19 pandemic.
- Trends in this metric can signal changes in consumer spending and business operations in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the leisure and hospitality sector in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into workforce utilization and can signal changes in consumer demand, business operations, and broader economic trends within Illinois' service-based industries.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and recovery of Illinois' leisure and hospitality sector, which is a significant contributor to the state's economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Illinois (SMU17000007000000002), retrieved from FRED.