Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Minnesota
SMU27000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.30
Year-over-Year Change
1.62%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator tracks the average weekly hours worked by all employees in the trade, transportation, and utilities sector in Minnesota. It provides insights into labor market conditions and economic activity in this crucial 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
The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Minnesota series measures the average number of hours worked per week by all employees in this sector across the state. It is a key metric used by economists and policymakers to analyze labor market trends and assess the health of the broader Minnesota economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, analysts, and policymakers to understand the state of the Minnesota economy and inform economic and labor market policies.
Key Facts
- The series dates back to 1990.
- Minnesota's trade, transportation, and utilities sector accounts for over 20% of the state's workforce.
- Average weekly hours in this sector have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the trade, transportation, and utilities sector in the state of Minnesota.
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 Minnesota economy, as the trade, transportation, and utilities sector is a major driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers closely monitor this trend to understand the state of the Minnesota economy and inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Minnesota (SMU27000004000000002), retrieved from FRED.