All Employees: Financial Activities: Finance and Insurance in Massachusetts
Monthly, Not Seasonally Adjusted
SMU25000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
180.40
Year-over-Year Change
0.45%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic indicator measures the monthly average weekly hours worked in the non-farm sector of the U.S. economy. It provides insights into labor market trends and productivity.
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 monthly average weekly hours worked is a key labor market statistic that tracks the average number of hours employees work per week in non-farm establishments. It is a valuable indicator of economic activity and work patterns.
Methodology
The data is collected through monthly surveys of U.S. businesses.
Historical Context
This metric is closely monitored by policymakers and economists to gauge the strength of the labor market and broader economic conditions.
Key Facts
- The average weekly hours worked reached a high of 34.6 in June 2022.
- Hours worked declined during the COVID-19 pandemic but have since recovered.
- This metric is a leading indicator of economic activity and labor market health.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by employees in non-farm establishments across the United States.
Q: Why is this trend relevant for users or analysts?
A: The monthly average weekly hours worked is a valuable metric for understanding labor market trends, productivity, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the strength of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU25000005552000001), retrieved from FRED.