Average Weekly Hours of All Employees: Other Services in Virginia
SMU51000008000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
5.40%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Other Services in Virginia' measures the average number of hours worked per week by employees in the 'other services' industry sector within the state of Virginia. This metric provides insight into the labor market and economic activity in this service-oriented component of the Virginia economy.
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 'other services' industry sector includes a diverse range of businesses such as repair and maintenance, personal care services, and religious organizations. This employment and hours data offers a window into the operational capacity and productivity trends within this service-based segment of the Virginia economy.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform policymakers and analysts about the overall health and direction of the Virginia service economy.
Key Facts
- The series began in January 2007.
- The pre-pandemic average was around 31 hours per week.
- Weekly hours dipped below 30 during the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average number of hours worked per week by employees in the 'other services' industry sector within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours in the service sector can provide insights into the overall health and direction of the Virginia economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric can inform policymakers and analysts about the operational capacity and productivity trends within the service-based segment of the Virginia economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
Related Trends
Housing Inventory: Median Listing Price per Square Feet in Virginia
MEDLISPRIPERSQUFEEVA
Real Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Virginia
VAMINRGSP
Estimate of People of All Ages in Poverty in Virginia
PEAAVA51000A647NCEN
Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in Virginia
VAPROBUSQQGSP
Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Virginia
VADURMANQGSP
Forestry, Fishing, Related Activities, and Other Earnings in Virginia
VAEFOR
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Other Services in Virginia (SMU51000008000000002), retrieved from FRED.