All Employees: Retail Trade in South Carolina
Annual, Not Seasonally Adjusted
SMU45000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
267.70
Year-over-Year Change
18.35%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average weekly hours worked in the private sector in the United States. It provides insight into overall labor market conditions and productivity.
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 annual, not seasonally adjusted average weekly hours trend tracks the mean number of hours worked per week by private sector employees in the U.S. without adjusting for seasonal variations. It is a key indicator of labor market strength and can inform economic policy decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the health of the U.S. labor market and broader economy.
Key Facts
- The average U.S. private sector worker logged 34.5 hours per week in 2022.
- Annual average weekly hours have remained relatively stable over the past decade.
- Longer work weeks can signal strong labor demand and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted 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: This metric provides insight into overall labor market conditions and productivity, which are key factors considered by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the health of the U.S. labor market and broader economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delay in data availability, as the CES survey is a monthly survey with annual average calculations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU45000004200000001A), retrieved from FRED.