Average Weekly Hours of All Employees: Leisure and Hospitality in Montana
SMU30000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.90
Year-over-Year Change
-1.89%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Leisure and Hospitality in Montana metric tracks the average number of hours worked per week by employees in the leisure and hospitality sector in Montana. This provides insight into the labor market conditions and economic activity in this key 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 series measures the average weekly hours worked by all employees in the leisure and hospitality sector in Montana. It is an important indicator of economic conditions, as changes in average hours can signal shifts in labor demand and business operations within this industry.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of Montana's service-based economy and make informed decisions.
Key Facts
- Montana's leisure and hospitality sector employs over 70,000 people.
- Average weekly hours peaked at 28.3 in July 2021.
- Hours declined sharply during the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by employees in the leisure and hospitality sector in Montana.
Q: Why is this trend relevant for users or analysts?
A: Changes in average weekly hours in this industry can signal shifts in labor demand and business operations, providing insight into the health of Montana's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Montana's leisure and hospitality sector and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Montana (SMU30000007000000002), retrieved from FRED.