Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Ohio
SMU39000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.90
Year-over-Year Change
0.30%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Ohio measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in Ohio. This metric provides insight into labor market conditions and economic activity 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 tracks the average weekly hours worked by all employees in the trade, transportation, and utilities industry in Ohio. It is used by economists and policymakers to assess labor market trends and gauge overall economic health within this key sector of the state's economy.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can signal changes in production, consumer demand, and employment in Ohio's trade, transportation, and utilities industries.
Key Facts
- Ohio is a major hub for trade, transportation, and utilities in the Midwest.
- Average weekly hours in this sector can fluctuate with seasonal and cyclical economic trends.
- Declining average weekly hours may signal reduced business activity or labor demand.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Ohio measures the average number of hours worked per week by employees in those industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and overall economic activity in a key sector of Ohio's economy, which is useful for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours can signal changes in production, consumer demand, and employment in Ohio's trade, transportation, and utilities industries, which is relevant for economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Ohio (SMU39000004000000002), retrieved from FRED.