Average Weekly Hours of All Employees: Financial Activities in Indiana
SMU18000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
-1.86%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the financial activities sector in Indiana. It provides insights into labor market conditions and productivity 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 metric tracks the number of hours per week that financial activities workers in Indiana spend on the job. This data helps economists and policymakers assess trends in labor utilization, work-life balance, and productivity within the state's financial services industry.
Methodology
The data is collected through surveys of establishments in the financial activities sector in Indiana.
Historical Context
Trends in average weekly hours can inform economic and labor policies at the state level.
Key Facts
- Indiana's financial activities sector employs over 200,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- Financial services account for over 6% of Indiana's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by all employees in the financial activities sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and productivity within Indiana's financial services industry, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments in the financial activities sector in Indiana.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours can inform economic and labor policies at the state level, such as workforce development initiatives or policies affecting work-life balance.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with some potential for delays in data availability.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Indiana (SMU18000005500000002), retrieved from FRED.