Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Wisconsin
SMU55000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.80
Year-over-Year Change
-1.24%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities sector in Wisconsin. It provides insights into labor market conditions and productivity in this important economic segment.
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: Trade, Transportation, and Utilities in Wisconsin is a key indicator of activity and labor utilization in these critical industries. It is used by economists and policymakers to assess the health of the state's economy and inform decisions related to employment, investment, and economic development.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal policymakers to understand workforce dynamics and guide economic policies.
Key Facts
- Wisconsin's trade, transportation, and utilities sector employs over 700,000 workers.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- The trend is a leading indicator of consumer demand and economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the trade, transportation, and utilities sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and productivity in Wisconsin's important trade, transportation, and utilities industries, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal policymakers to understand workforce dynamics and guide economic policies related to employment, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Wisconsin (SMU55000004000000002), retrieved from FRED.