Average Weekly Hours of All Employees: Total Private in North Carolina
SMU37000000500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.90
Year-over-Year Change
-1.74%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Total Private in North Carolina measures the average number of hours worked per week by private sector employees in the state.
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 provides insight into labor market conditions and productivity trends in North Carolina's private sector. It is used by economists and policymakers to assess the overall health of the state's economy.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for analyzing North Carolina's economic performance and informing policy decisions.
Key Facts
- North Carolina's average weekly hours for private sector employees in 2022 was 34.1 hours.
- The trend has remained relatively stable over the past decade, indicating consistent labor market conditions.
- Fluctuations in this metric can signal changes in productivity, labor demand, or economic growth in the state.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of All Employees: Total Private in North Carolina measures the average number of hours worked per week by private sector employees in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into labor market conditions and productivity trends in North Carolina's private sector, which is useful for economists and policymakers assessing the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing North Carolina's economic performance and informing policy decisions related to the state's labor market and economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
Related Trends
90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for North Carolina
PECILBAANC37000A647NCEN
90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for North Carolina
PPCIUB5T17NC37000A156NCEN
All Employees: Education and Health Services: Health Care and Social Assistance in North Carolina
SMU37000006562000001
Real Gross Domestic Product: Rail Transportation (482) in North Carolina
NCRAILTRANRGSP
Real Gross Domestic Product: Government and Government Enterprises (92) in North Carolina
NCGOVRGSP
All Employees: Financial Activities in North Carolina
NCFIRE
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in North Carolina (SMU37000000500000002A), retrieved from FRED.