Average Weekly Earnings of All Employees: Construction in South Carolina
Monthly
SMU45000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,401.04
Year-over-Year Change
1.82%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend measures the average weekly hours worked in the private sector in the United States. It is a key indicator of labor market conditions and overall economic activity.
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' trend represents the average number of hours that private sector employees work per week. It is an important barometer of labor market strength and productivity, as changes in weekly hours can signal shifts in hiring, overtime, and work patterns.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the 'Monthly' trend to assess the health of the labor market and the broader economy.
Key Facts
- The average weekly hours worked in the private sector is around 34.5 hours.
- Declines in the 'Monthly' trend can signal an economic slowdown.
- Increases in the 'Monthly' trend often coincide with periods of economic expansion.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average number of hours worked per week by private sector employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: The 'Monthly' trend is a key indicator of labor market conditions and overall economic activity, as changes in weekly hours can signal shifts in hiring, overtime, and work patterns.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the 'Monthly' trend to assess the health of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The 'Monthly' data is updated on a regular basis with a relatively short delay, providing timely insights into the state of the labor market.
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Citation
U.S. Federal Reserve, Monthly (SMU45000002000000011), retrieved from FRED.