Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Utah
SMU49000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.50
Year-over-Year Change
1.25%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Utah' is an important economic indicator that measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in Utah.
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 metric provides insights into the state of economic activity and labor demand in a key service-producing industry within Utah. It is used by economists and policymakers to assess workforce trends and gauge overall economic conditions.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend can inform decisions around infrastructure investment, workforce development, and economic policies.
Key Facts
- The series dates back to 1990.
- Utah's trade, transportation, and utilities sector accounts for over 20% of the state's employment.
- Fluctuations in this metric can signal changes in consumer demand and business operations.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the state of economic activity and labor demand in a key service-producing industry within Utah, which is useful for economists and policymakers.
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: This trend can inform decisions around infrastructure investment, workforce development, and other economic policies in Utah.
Q: Are there update delays or limitations?
A: The data is published monthly 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 Utah (SMU49000004000000002), retrieved from FRED.