Average Weekly Hours of All Employees: Private Service Providing in Wisconsin
SMU55000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.30
Year-over-Year Change
1.62%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private service-providing sector in Wisconsin. It provides insight into labor market conditions and can inform economic policy decisions.
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: Private Service Providing in Wisconsin metric tracks the average number of hours worked per week by employees in the state's private service-providing industries, which include trade, transportation, utilities, information, financial activities, professional and business services, education, health care, and leisure and hospitality.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the strength of the Wisconsin labor market and make informed decisions about economic policy.
Key Facts
- Wisconsin's private service sector employs over 1.7 million workers.
- Average weekly hours peaked at 35.5 in October 2021.
- This trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in Wisconsin's private service-providing industries, providing insight into labor market conditions in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the strength of the Wisconsin labor market and can inform economic policy decisions made by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the Wisconsin labor market and make informed decisions about economic policies that may affect employment and business activity in the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, providing timely information on the Wisconsin service-providing sector.
Similar SMU Trends
All Employees: Architectural, Engineering, and Related Services in Wisconsin
SMU55000006054130001A
Personal Consumption Expenditures: Services: Transportation Services for Wisconsin
WIPCETRANS
All Employees: Manufacturing: Durable Goods: Machinery Manufacturing in Wisconsin
SMU55000003133300001SA
Total Deposits in Commercial Member Banks in Wisconsin
X08TDCBMBTWI
All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Wisconsin
SMU55000003133200001A
Residential Carbon Dioxide Emissions, Petroleum for Wisconsin
EMISSCO2TOTVRCPEWIA
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Private Service Providing in Wisconsin (SMU55000000800000002), retrieved from FRED.