Average Weekly Hours of All Employees: Financial Activities in Oregon
SMU41000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.10
Year-over-Year Change
-1.07%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Financial Activities in Oregon measures the average number of hours worked per week by employees in the financial sector in the state of Oregon. This trend provides insights into the labor market and economic activity within Oregon's financial 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
This series tracks the average weekly hours worked by all employees in Oregon's financial activities sector, which includes industries such as banking, insurance, and securities. It serves as an important indicator of economic conditions and labor market trends in the state's financial services industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the health and productivity of Oregon's financial sector.
Key Facts
- Oregon's financial activities sector employs over 100,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- Financial services account for approximately 6% of Oregon's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in Oregon's financial activities sector, including industries like banking, insurance, and securities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and economic activity within Oregon's financial industry, which is an important part of the state's economy.
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: Policymakers and analysts use this metric to gauge the health and productivity of Oregon's financial sector, which can inform economic and workforce development strategies.
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: Financial Activities in Oregon (SMU41000005500000002), retrieved from FRED.