Average Weekly Hours of All Employees: Education and Health Services in Indiana
SMU18000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
1.22%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Hours of All Employees: Education and Health Services in Indiana' series measures the average number of hours worked per week by employees in the education and health services sector in Indiana. This trend provides insight into labor utilization and productivity in these critical industries.
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 data series tracks the average number of hours worked per week by all employees in the education and health services sector within the state of Indiana. It is a key indicator of labor market conditions and capacity utilization in these vital service industries.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and stability of the education and healthcare labor markets in Indiana.
Key Facts
- Indiana accounts for over 4% of the U.S. education and health services workforce.
- Average weekly hours in this sector have remained stable around 33 hours since 2015.
- This metric helps identify labor shortages or surpluses in key public service industries.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average number of hours worked per week by all employees in the education and health services sector within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor utilization and productivity in these critical service industries, which are essential for policymakers and analysts to assess the health of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and stability of the education and healthcare labor markets in Indiana, which are vital for the state's economic and social well-being.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a relatively short lag, providing timely information on labor market conditions in Indiana's education and health services sector.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Indiana (SMU18000006500000002A), retrieved from FRED.