Average Weekly Hours of All Employees: Education and Health Services in Wisconsin
SMU55000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.70
Year-over-Year Change
-6.90%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic indicator measures the average weekly hours worked by all employees in the education and health services sector in Wisconsin. It provides insight into labor market trends 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: Education and Health Services in Wisconsin is a key indicator of labor market activity and productivity in the state's education and healthcare industries. It is used by economists and policymakers to assess workforce utilization and employment conditions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding labor market dynamics and informing policy decisions related to workforce development and the education and healthcare sectors.
Key Facts
- The series began in 2007.
- The highest value was 33.3 hours in January 2020.
- The lowest value was 31.4 hours in April 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the education and health services 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 workforce utilization in Wisconsin's key education and healthcare industries, which are important for economic policymaking.
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: This trend is used by economists and policymakers to assess labor market dynamics and inform decisions related to workforce development, education, and healthcare policy in Wisconsin.
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: Education and Health Services in Wisconsin (SMU55000006500000002A), retrieved from FRED.