Average Hourly Earnings of All Employees: Professional and Business Services in Indiana
Monthly
SMU18000006000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.32
Year-over-Year Change
8.22%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly Trend measures the average number of hours worked per week by all employees in the private sector of the U.S. economy. This metric 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 Monthly Trend provides a monthly snapshot of the average number of hours worked per week across all private sector jobs in the United States. This data point offers valuable insights into the overall health and utilization of the labor force.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Monthly Trend is closely monitored by policymakers, economists, and market analysts to assess economic performance and guide decision-making.
Key Facts
- The average weekly hours worked in the private sector was 34.5 in January 2023.
- The Monthly Trend reached its highest level of 34.6 hours in November 2022.
- The data is reported on a seasonally adjusted basis.
FAQs
Q: What does this economic trend measure?
A: The Monthly Trend measures the average number of hours worked per week by all employees in the private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Monthly Trend is a key indicator of labor market conditions and overall economic activity, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly Trend is closely monitored by policymakers, economists, and market analysts to assess economic performance and guide decision-making.
Q: Are there update delays or limitations?
A: The Monthly Trend data is reported on a seasonally adjusted basis and is subject to revision as additional information becomes available.
Similar SMU Trends
High-Propensity Business Applications for Indiana
HBUSAPPWNSAIN
Gross Domestic Product: Miscellaneous Manufacturing (339) in Indiana
INMISCMANNGSP
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Indiana
SMU18000004142400001A
Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Indiana
U1UNEM1IN
Professional and Technical Services Earnings in Indiana
INEPRO
All Employees: Leisure and Hospitality: Full-Service Restaurants in Indiana
SMU18000007072251101
Citation
U.S. Federal Reserve, Monthly (SMU18000006000000003), retrieved from FRED.