Average Weekly Hours of All Employees: Construction in Pennsylvania
Monthly
SMU42000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.90
Year-over-Year Change
3.81%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend tracks the monthly average of hours worked per employee in the total private sector in the United States. It is a key indicator of labor market conditions and productivity.
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 'Monthly' series measures the average number of hours worked per employee across all private non-farm businesses in the U.S. on a monthly basis. This metric provides insights into labor utilization and can signal changes in economic output and worker productivity.
Methodology
The data is collected through a monthly survey of private businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to gauge the health of the labor market and broader economic conditions.
Key Facts
- The average monthly hours worked peaked at 34.6 in January 2020 before the COVID-19 pandemic.
- In April 2020, average monthly hours dropped to 34.1 as the pandemic impacted business operations.
- As of the latest data, the monthly average has recovered to 34.4 hours worked per employee.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend tracks the average number of hours worked per employee across the private non-farm sector in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and can signal changes in economic output and worker productivity, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of private businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the health of the labor market and broader economic conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Monthly (SMU42000002000000002), retrieved from FRED.