All Employees: Trade, Transportation, and Utilities in Louisiana
Annual, Not Seasonally Adjusted
SMU22000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
371.70
Year-over-Year Change
-1.59%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted data series measures the average weekly hours worked by all employees in the United States. It provides insight into labor market trends and overall 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 average weekly hours worked metric is a key indicator of the intensity and utilization of the labor force. It is widely used by economists, policymakers, and analysts to assess labor market conditions and make informed decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This trend is relevant for evaluating the strength of the labor market and overall economic performance.
Key Facts
- The average weekly hours worked in the U.S. was 34.6 in 2022.
- This metric reached a low of 33.2 hours during the 2008-2009 recession.
- The trend has generally increased since the 1980s, reflecting a more productive and utilized labor force.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average weekly hours worked by all employees in the United States, providing insight into labor market trends and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours worked metric is a key indicator of the intensity and utilization of the labor force, which is widely used by economists, policymakers, and analysts to assess labor market conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating the strength of the labor market and overall economic performance, which is crucial for informing economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of several weeks, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU22000004000000001A), retrieved from FRED.