Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Maine
SMU23000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.20
Year-over-Year Change
-1.53%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Maine' trend measures the average number of hours worked per week by workers in the trade, transportation, and utilities sector in Maine. This metric is closely watched by economists as an indicator of 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 series tracks the average weekly hours for all employees in the trade, transportation, and utilities industry in Maine. It provides insight into the workload and productivity of this key economic sector, which includes a range of businesses from retail to logistics.
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 the strength of Maine's economy and make informed decisions.
Key Facts
- Maine's trade, transportation, and utilities sector employs over 200,000 workers.
- Average weekly hours have ranged from 35 to 39 over the past decade.
- This metric tends to decline during economic downturns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in Maine's trade, transportation, and utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and workload of a key economic sector in Maine, which is valuable for policymakers and economists assessing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the strength of Maine's economy and make informed decisions about economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions.
Similar SMU Trends
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Maine
MEPCEPCGONPI
All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Maine
SMS23000006056000001
Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Maine
MEPETCOALMANRGSP
Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Maine
MECPUELCPMANRGSP
All Employees: State Government in Maine
SMU23000009092000001A
Real Gross Domestic Product: Manufacturing (31-33) in Maine
MEMANRQGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Maine (SMU23000004000000002), retrieved from FRED.