Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Rhode Island
SMU44000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.60
Year-over-Year Change
3.95%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator measures the average weekly hours worked by all employees in the trade, transportation, and utilities sector in Rhode Island. It provides insights into labor market conditions and economic activity in the state.
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: Trade, Transportation, and Utilities in Rhode Island is a key metric that reflects the level of economic activity and labor demand in the state's retail, logistics, and utility industries. It is widely used by economists and policymakers to assess the health of the regional economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal policymakers to gauge the economic performance and labor market conditions in Rhode Island.
Key Facts
- The data is reported on a monthly basis.
- Rhode Island's trade, transportation, and utilities sector accounts for over 20% of the state's employment.
- Average weekly hours have fluctuated between 33 and 36 over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average number of hours worked per week by all employees in Rhode Island's trade, transportation, and utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and the level of economic activity in key industries within the state, making it useful for economists and policymakers.
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: State and federal policymakers closely monitor this indicator to assess the health of Rhode Island's economy and labor market, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Rhode Island (SMU44000004000000002), retrieved from FRED.