Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.30
Year-over-Year Change
-0.87%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Louisiana' measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in Louisiana. This metric provides insights into the labor market and economic activity in the state.
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 weekly hours worked by all employees in the trade, transportation, and utilities industry in Louisiana. It is a key indicator of the health and productivity of this important economic sector, which includes retail, logistics, and utility companies.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess labor market trends and the broader economic conditions in Louisiana.
Key Facts
- The average weekly hours in this sector in Louisiana was 39.7 as of the latest data.
- Weekly hours have increased by 1.2% over the past year.
- This industry accounts for over 20% of total employment in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and the overall economic performance of an important industry in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess labor market trends and broader economic conditions in Louisiana.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there can be a 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Louisiana (SMU22000004000000002), retrieved from FRED.