Average Weekly Hours of All Employees: Total Private in Louisiana
SMU22000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.80
Year-over-Year Change
-1.92%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Hours of All Employees: Total Private in Louisiana measures the average number of hours worked per week by private sector employees in the state. This data provides insights into economic activity and labor market conditions.
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 indicator tracks the average weekly hours for all private industry employees in Louisiana. It is used by economists and policymakers to analyze workforce productivity, labor demand, and broader economic trends within the state.
Methodology
The data is collected through monthly employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by the Federal Reserve and other agencies to inform economic and policy decisions.
Key Facts
- The average weekly hours for private sector workers in Louisiana was 34.8 in March 2023.
- Weekly hours have remained relatively stable in Louisiana over the past year.
- Private sector employment accounts for over 80% of total nonfarm jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by private sector employees in Louisiana. It provides insights into workforce productivity and labor market conditions in the state.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours metric is closely monitored by economists and policymakers to analyze employment, labor demand, and broader economic trends within Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through monthly employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and other agencies to inform economic and policy decisions within Louisiana and the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a slight lag, typically 1-2 months behind the current period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Louisiana (SMU22000000500000002), retrieved from FRED.