Average Weekly Hours of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Indiana
SMU18000007072200007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.70
Year-over-Year Change
0.85%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the leisure and hospitality industry, specifically in food services and drinking places, within the state of Indiana. It provides insights into labor market conditions and industry activity in this key sector.
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 Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Indiana is an important economic indicator that tracks the average number of hours worked per week by production employees in this industry. It offers valuable insights into labor demand, work patterns, and the overall health of the hospitality sector in the state.
Methodology
The data is collected through surveys of businesses in the leisure and hospitality industry.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor labor market dynamics and assess the performance of the food services and drinking places sector in Indiana.
Key Facts
- The average weekly hours for this sector in Indiana was 24.9 hours in the latest month.
- This trend has experienced significant volatility since the COVID-19 pandemic began.
- The food services and drinking places industry is a major employer in Indiana's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the leisure and hospitality industry, specifically in food services and drinking places, within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and industry activity in the important food services and drinking places sector, which is a significant employer in Indiana's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the leisure and hospitality industry.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to monitor labor market dynamics and assess the performance of the food services and drinking places sector in Indiana.
Q: Are there update delays or limitations?
A: This data is subject to regular updates, though there may be short delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Indiana (SMU18000007072200007), retrieved from FRED.