Average Weekly Hours of All Employees: Education and Health Services in Oregon
SMU41000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.90
Year-over-Year Change
9.00%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Hours of All Employees: Education and Health Services in Oregon' measures the average number of hours worked per week by employees in the education and health services sector in Oregon. This metric provides insights into labor market dynamics and productivity in the state's key service industries.
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 for all employees in the education and health services industry in Oregon. It is a valuable indicator of labor market conditions, capacity utilization, and productivity trends for these critical service sectors in the state's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and efficiency of Oregon's education and healthcare systems.
Key Facts
- Oregon's education and health services sector employs over 300,000 workers.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- The COVID-19 pandemic led to a temporary decline in average weekly hours in 2020.
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 Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and productivity in two of Oregon's key service industries, which are crucial for the state's economy and residents.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys 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 assess the health and efficiency of Oregon's education and healthcare systems, which are critical for the state's economic and social well-being.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in publishing due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Oregon (SMU41000006500000002A), retrieved from FRED.