Average Weekly Hours of All Employees: Leisure and Hospitality in Virginia
Annual
SMU51000007000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
-7.41%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual series measures the annual average of state-level employment levels. This metric is crucial for policymakers and economists to assess labor market trends and inform economic policies.
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 series provides the annual average of employment levels for a given U.S. state. It is a key indicator of the overall health and dynamics of state labor markets, helping to identify economic growth, contraction, and regional variations.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This annual employment metric is widely used by government agencies, economists, and market analysts to evaluate economic performance and inform policy decisions.
Key Facts
- Covers all 50 U.S. states and the District of Columbia.
- Reported as an annual average of monthly employment levels.
- Data available from 1939 to the present.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the annual average of state-level employment levels, providing a comprehensive view of labor market conditions across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to assess labor market trends, identify regional variations, and inform economic policies.
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 annual employment metric is widely used by government agencies, economists, and market analysts to evaluate economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The Annual series is updated monthly with the latest data, with a typical publication delay of a few weeks.
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Citation
U.S. Federal Reserve, Annual (SMU51000007000000002A), retrieved from FRED.