Average Weekly Hours of All Employees: Other Services in Massachusetts
SMU25000008000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.60
Year-over-Year Change
0.99%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Other Services in Massachusetts' measures the average number of hours worked per week by employees in the 'Other Services' sector in Massachusetts. This trend provides insights into labor market conditions 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
The 'Other Services' sector includes a wide range of businesses, such as personal care services, religious organizations, and repair and maintenance services. The average weekly hours metric reflects the overall level of production and economic health in this important component of the Massachusetts economy.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers and analysts to gauge the strength of the Massachusetts economy.
Key Facts
- The average workweek in Massachusetts 'Other Services' sector is around 32 hours.
- This metric has trended upward over the past decade, reflecting economic growth.
- Fluctuations in average hours can signal changes in demand and business conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the 'Other Services' sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and the overall health of the Massachusetts economy, as the 'Other Services' sector is a significant component.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge the strength of the Massachusetts economy and inform economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Other Services in Massachusetts (SMU25000008000000002), retrieved from FRED.