Average Weekly Hours of All Employees: Financial Activities in Nebraska
SMU31000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
1.33%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average weekly hours worked by all employees in the financial activities sector in Nebraska. It provides insights into 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
The Average Weekly Hours of All Employees: Financial Activities in Nebraska is an economic indicator that tracks the average number of hours worked per week by employees in the financial services, insurance, and real estate industries within the state. It is used to gauge productivity, labor demand, and overall health of the Nebraska financial sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, analysts, and businesses to understand trends in financial sector employment and economic performance in Nebraska.
Key Facts
- Nebraska's financial activities sector accounts for over 5% of the state's total employment.
- Average weekly hours in this sector have fluctuated between 37-40 hours since 2010.
- The financial activities industry is a major contributor to Nebraska's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in Nebraska's financial activities sector, including finance, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and overall economic performance of a key industry in Nebraska. It is closely monitored by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments 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 Nebraska's financial sector and inform decisions around economic development, workforce, and industry policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. There may be revisions to prior period figures as new information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Nebraska (SMU31000005500000002), retrieved from FRED.