Average Weekly Hours of All Employees: Financial Activities in Minnesota
SMU27000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.60
Year-over-Year Change
-1.57%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Financial Activities in Minnesota trend measures the average weekly hours worked by employees in the financial sector in the state of Minnesota. This metric provides insight into the level of economic activity and labor market conditions in the finance 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 indicator tracks the average number of hours worked per week by all employees within the financial activities sector in Minnesota. It is used by economists and policymakers to monitor trends in labor productivity, workforce utilization, and industry-specific labor market dynamics.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this trend can inform assessments of the financial health and market conditions in Minnesota.
Key Facts
- Minnesota's financial sector employs over 200,000 workers.
- The average workweek in Minnesota's finance industry is around 37 hours.
- This trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of All Employees: Financial Activities in Minnesota trend measures the average number of hours worked per week by employees in the financial sector within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market conditions and level of economic activity in Minnesota's financial industry, which is an important driver of the state's economy.
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: Changes in this trend can inform assessments of the financial health and market conditions in Minnesota, which can be relevant for policymakers and economic analysts.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Minnesota (SMU27000005500000002A), retrieved from FRED.