Annual, Not Seasonally Adjusted
SMU31000004245400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
-25.53%
Date Range
1/1/2005 - 1/1/2021
Summary
This economic trend measures the annual, not seasonally adjusted average weekly hours worked in the Information industry in the United States. It provides insights into labor market dynamics and productivity in the information sector.
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 Annual, Not Seasonally Adjusted average weekly hours series tracks the average number of hours worked per week by employees in the Information industry on an annual basis, without adjusting for seasonal variations. This metric is used by economists and policymakers to analyze long-term trends in labor utilization and productivity within the information sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is often used to inform economic and labor market policies, as well as business decisions in the information industry.
Key Facts
- The information industry includes sectors like publishing, telecommunications, and data processing.
- Average weekly hours in the information industry have declined over the past decade.
- Tracking this metric helps policymakers assess the health of the information economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average weekly hours worked by employees in the Information industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and productivity trends within the information sector, which is important for economic analysis and policy decisions.
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: This trend is used by economists and policymakers to assess the health and performance of the information industry, which is a key sector of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on an annual basis, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU31000004245400001A), retrieved from FRED.