Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Virginia
SMU51000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.40
Year-over-Year Change
0.30%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities sector in Virginia. It provides insights into labor market dynamics and economic activity in this key industry.
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 Virginia metric tracks the average number of hours worked per week by workers in this broad economic sector within the state. It is used by economists and policymakers to assess labor market trends and overall economic conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by analysts to gauge the health of Virginia's economy and consumer demand.
Key Facts
- Virginia's trade, transportation, and utilities sector employs over 1 million workers.
- The average workweek in this sector has ranged from 37-40 hours in recent years.
- This metric tracks a major component of the state's economic output.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average weekly hours worked by all employees in Virginia's trade, transportation, and utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and economic activity in a key industry, which is useful for economists and policymakers assessing the health of Virginia's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by analysts to gauge the health of Virginia's economy and consumer demand, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short delay, providing timely insights into this economic indicator.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Virginia (SMU51000004000000002), retrieved from FRED.