Average Weekly Hours of All Employees: Construction in South Carolina
SMU45000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.00
Year-over-Year Change
-2.84%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Construction in South Carolina measures the average number of hours worked per week by construction workers in the state. This metric provides insights into the level of activity and labor demand in the construction 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 economic indicator tracks the average weekly work hours for all employees in the construction sector within South Carolina. It is an important measure of production capacity and labor market conditions in the state's construction industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and momentum of the construction industry, which is a key driver of economic growth.
Key Facts
- South Carolina construction workers averaged 40.1 hours per week in 2022.
- Weekly hours in the state's construction sector have remained relatively stable since 2019.
- Construction is a major employer in South Carolina, accounting for over 5% of the state's workforce.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of All Employees: Construction in South Carolina measures the average number of hours worked per week by construction workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of activity and labor demand in the construction industry, which is a key driver of economic growth in South Carolina.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments 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 momentum of the construction industry, which informs decisions related to infrastructure investment, housing, and economic development.
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 South Carolina (SMU45000002000000002), retrieved from FRED.