Average Weekly Hours of Production Employees: Retail Trade in Washington
SMU53000004200000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.20
Year-over-Year Change
4.00%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the retail trade industry in Washington state. It provides insights into labor market conditions and economic activity in the retail 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 Production Employees: Retail Trade in Washington statistic is a key indicator of labor market dynamics and economic performance in the retail industry at the state level. It is used by economists and policymakers to assess employment trends, productivity, and consumer demand.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this metric can inform economic and policy decisions related to the retail industry and labor markets.
Key Facts
- The average weekly hours in Washington's retail trade industry were 31.1 in January 2023.
- Retail trade accounts for over 11% of total employment in Washington state.
- This metric has shown a steady increase since the COVID-19 pandemic lows in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the retail trade industry in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and consumer demand in the retail sector, which is a crucial part of the Washington state economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic and policy decisions related to the retail industry and labor markets in Washington state.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Retail Trade in Washington (SMU53000004200000007), retrieved from FRED.