Average Weekly Hours of All Employees: Education and Health Services in North Carolina
SMU37000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
0.61%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Education and Health Services in North Carolina is an economic indicator that measures the average number of hours worked per week by employees in the education and health services sector 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 trend provides insights into the labor market and economic conditions in North Carolina's education and health services industries. It is used by economists, policymakers, and businesses to assess employment, productivity, and labor demand in these crucial sectors.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform decisions about economic and workforce policies.
Key Facts
- North Carolina's education and health services sector employs over 800,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- Trends in this metric can signal changes in labor demand and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the education and health services sector in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and economic activity in a key industry within the state, which is useful for economists, policymakers, and businesses.
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: Trends in average weekly hours can inform decisions about economic and workforce policies, such as those related to employment, productivity, and labor demand.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with some potential for short delays in reporting.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in North Carolina (SMU37000006500000002A), retrieved from FRED.