Average Weekly Hours of All Employees: Education and Health Services in Louisiana
SMU22000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.50
Year-over-Year Change
6.93%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Education and Health Services in Louisiana measure the average number of hours worked per week by employees in the education and health services sector in Louisiana.
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 provides insight into labor market trends and productivity in Louisiana's education and healthcare industries. It is used by economists and policymakers to analyze workforce patterns and labor supply.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding the economic health and labor dynamics of a key service sector in Louisiana.
Key Facts
- Louisiana's education and health services sector employs over 400,000 workers.
- Average weekly hours in this sector have increased by 2% over the past 5 years.
- The education and health services industry accounts for over 20% of Louisiana's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the education and health services sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market trends and productivity in a key service sector, which is relevant for economists, policymakers, and businesses operating in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze workforce patterns and labor supply in Louisiana's education and healthcare industries, which are important for economic and social policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Louisiana (SMU22000006500000002A), retrieved from FRED.