Average Weekly Hours of All Employees: Total Private in Wisconsin
SMU55000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.30
Year-over-Year Change
0.60%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Total Private in Wisconsin metric tracks the average number of hours worked per week by private sector employees in the state of Wisconsin. This data provides insight into labor market conditions and productivity.
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
This economic indicator measures the average number of hours per week that private sector employees in Wisconsin work. It is a key statistic used by economists and policymakers to assess labor market trends, worker productivity, and overall economic activity in the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform policy decisions and provide context for other economic indicators like employment and wage growth.
Key Facts
- The current average weekly hours in Wisconsin is 33.6.
- Average weekly hours have increased by 0.5% over the past year.
- Longer average weekly hours can indicate labor shortages or increased productivity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by private sector employees in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours provide insight into labor market conditions, worker productivity, and overall economic activity in Wisconsin.
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: Changes in average weekly hours can inform policy decisions and provide context for other economic indicators like employment and wage growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Wisconsin (SMU55000000500000002), retrieved from FRED.