Average Weekly Hours of All Employees: Construction in Minnesota
SMU27000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.90
Year-over-Year Change
-0.75%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Construction in Minnesota' measures the average number of hours worked per week by construction workers in the state of Minnesota. This metric is a key indicator of labor market conditions and economic activity in the construction 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 economic trend represents the average number of hours worked per week by all employees in the construction industry in Minnesota. It is used by economists, policymakers, and industry analysts to gauge the health and productivity of the state's construction sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses monitor this metric to understand employment dynamics and labor market trends in Minnesota's construction industry.
Key Facts
- The series dates back to 2007.
- Average weekly hours peaked at 42.2 in January 2020.
- Weekly hours declined sharply during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Hours of All Employees: Construction in Minnesota' measures the average number of hours worked per week by employees in the construction industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and economic activity in Minnesota's construction sector, providing insight into employment dynamics and industry productivity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this metric to understand employment trends and labor market conditions in Minnesota's construction industry, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Construction in Minnesota (SMU27000002000000002), retrieved from FRED.