Average Weekly Hours of All Employees: Construction in Rhode Island
SMU44000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.60
Year-over-Year Change
1.90%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the construction industry in Rhode Island. It provides insights into the level of activity and labor demand in the state's construction sector.
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: Construction in Rhode Island metric is a key indicator of the health and productivity of the state's construction industry. It is widely used by economists, policymakers, and industry analysts to assess current conditions and forecast future trends in construction activity.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is influential in informing economic and policy decisions related to the construction industry, infrastructure investment, and regional development.
Key Facts
- Rhode Island's construction industry employs over 15,000 workers.
- The average weekly hours in construction have remained stable at around 38 hours since 2015.
- Construction is a significant contributor to Rhode Island's GDP, accounting for over 4% of the state's economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the construction industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the level of activity and labor demand in Rhode Island's construction sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to inform decisions related to the construction industry, infrastructure investment, and regional economic development in Rhode Island.
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: Construction in Rhode Island (SMU44000002000000002), retrieved from FRED.