Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Wisconsin
SMU55000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.50
Year-over-Year Change
0.34%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average weekly hours worked by all employees in the private education and health services sector in Wisconsin. It provides insight into labor market conditions and economic activity in this important industry.
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 metric tracks the average number of hours worked per week by employees in the private education and health services industry in Wisconsin. It serves as a key indicator of labor demand and productivity in this sector of the state's economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess labor market trends and the overall health of Wisconsin's education and healthcare industries.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- Wisconsin's private education and health services sector employs over 500,000 workers.
- Average weekly hours reached a high of 35.4 in January 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the private education and health services industry in Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor demand and productivity in a key sector of Wisconsin's economy, which is important for policymakers and economic analysts.
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: Policymakers and analysts use this trend to assess labor market conditions and the overall health of Wisconsin's education and healthcare industries.
Q: Are there update delays or limitations?
A: The data is released 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: Education and Health Services: Private Education and Health Services in Wisconsin (SMU55000006500000002), retrieved from FRED.