Average Weekly Hours of All Employees: Leisure and Hospitality in Utah
SMU49000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.40
Year-over-Year Change
-3.17%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the leisure and hospitality industry in Utah. It provides insight into labor market conditions and economic activity in this important sector.
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: Leisure and Hospitality in Utah metric tracks the average number of hours worked per week by workers in Utah's leisure and hospitality industries, which include hotels, restaurants, arts, entertainment, and recreation. This data point is a key indicator of labor market conditions and can signal changes in economic output and consumer demand.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Utah's service-based economy and consumer spending patterns.
Key Facts
- Utah's leisure and hospitality sector accounts for over 10% of the state's total employment.
- Average weekly hours in this sector tend to be lower than the overall state average.
- Weekly hours peaked in the summer months due to increased tourism and travel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in Utah's leisure and hospitality industries, including hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and economic activity in a key service sector, signaling changes in consumer demand and spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Utah's service-based economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revision as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Utah (SMU49000007000000002), retrieved from FRED.