Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Ohio
SMU39000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.10
Year-over-Year Change
1.45%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services sector in Ohio. It provides insights into labor market conditions and productivity in this important 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: Education and Health Services: Private Education and Health Services in Ohio metric tracks the average number of hours worked per week by employees in this specific industry and geographic region. It is used by economists and policymakers to monitor labor market trends and assess the health of the state's education and healthcare sectors.
Methodology
The data is collected through surveys of private establishments in Ohio by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding workforce utilization and productivity in Ohio's private education and health services industries, which have important implications for the state's economic and social well-being.
Key Facts
- Ohio's private education and health services sector employs over 1 million workers.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- Changes in this trend can signal shifts in labor demand and workforce utilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the private education and health services sector in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity in Ohio's important education and healthcare industries, which have significant implications for the state's economic and social well-being.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments in Ohio by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor workforce utilization and productivity in Ohio's private education and health services sectors, which can inform decisions related to employment, investment, and industry regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Ohio (SMU39000006500000002), retrieved from FRED.