Average Weekly Hours of All Employees: Total Private in Virginia
SMU51000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.10
Year-over-Year Change
0.89%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all private sector employees in the state of Virginia. It provides insight into the strength and utilization of the state's labor market.
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: Total Private in Virginia metric tracks the mean number of hours worked per week by private sector workers in the state. This data point is used by economists and policymakers to assess the overall health and productivity of Virginia's economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by state and federal officials to monitor labor market conditions and guide economic policy decisions.
Key Facts
- Virginia's average weekly private sector hours have remained relatively stable over the past decade.
- Manufacturing and trade/transportation/utilities sectors have the highest average weekly hours in Virginia.
- Average weekly hours in Virginia typically peak in the summer months and decline in the winter.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by private sector employees in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the overall strength and utilization of Virginia's labor market, which is crucial for economists and policymakers.
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: State and federal officials closely monitor this trend to assess labor market conditions and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays, providing timely insights into Virginia's labor market.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Virginia (SMU51000000500000002), retrieved from FRED.