Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in South Carolina
SMU45000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.80
Year-over-Year Change
-4.37%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities sector in South Carolina. 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 South Carolina trend is a key indicator of economic performance and labor market dynamics in the state. It reflects the average number of hours worked per week by employees in this important sector, which includes retail, logistics, and public utilities.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health of South Carolina's economy and labor market.
Key Facts
- South Carolina is a major hub for trade, transportation, and utilities.
- This sector accounts for over 20% of the state's total employment.
- Weekly hours worked in this sector have been relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the trade, transportation, and utilities sector in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and activity of a key sector of South Carolina's economy, which can inform decision-making by businesses, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the state of South Carolina's labor market and overall economic conditions, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
Related Trends
Gross Domestic Product: Private Industries in South Carolina
SCPINQGSP
Number of Identified Exporters to Austria from South Carolina
SCAUTA475SCEN
Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in South Carolina
SCDURMANQGSP
Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in South Carolina
SCAPPLEATHMANQGSP
All Employees: Professional and Business Services: Management of Companies and Enterprises in South Carolina
SMS45000006055000001
Residential Carbon Dioxide Emissions, All Fuels for South Carolina
EMISSCO2TOTVRCTOSCA
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in South Carolina (SMU45000004000000002A), retrieved from FRED.