Average Weekly Hours of All Employees: Leisure and Hospitality in Louisiana
SMU22000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
-2.17%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Leisure and Hospitality in Louisiana measures the average number of hours worked per week by employees in the leisure and hospitality sector in Louisiana. This metric provides insights into labor market dynamics and consumer demand in the state's hospitality industry.
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 series tracks the average weekly hours worked by all employees in the leisure and hospitality sector in Louisiana. It is a key indicator of labor market conditions and economic activity in the state's tourism, entertainment, and service industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the health of Louisiana's service-based economy and make informed decisions about economic policy.
Key Facts
- The average weekly hours for leisure and hospitality employees in Louisiana reached a high of 27.6 hours in May 2022.
- Weekly hours in this sector declined sharply during the COVID-19 pandemic but have since rebounded.
- The leisure and hospitality industry accounts for a significant portion of Louisiana's overall employment and economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the leisure and hospitality sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and consumer demand in Louisiana's tourism, entertainment, and service industries, which are important for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of Louisiana's service-based economy and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Louisiana (SMU22000007000000002), retrieved from FRED.