Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Sweden
Quarterly, Seasonally Adjusted
SWEPREND401IXEBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.40
Year-over-Year Change
-0.75%
Date Range
1/1/2000 - 7/1/2023
Summary
The Quarterly, Seasonally Adjusted series measures the average weekly hours worked by production and nonsupervisory employees in the private sector. This metric is a key indicator of economic activity and labor market conditions.
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 series represents the average weekly hours worked by production and nonsupervisory employees in the private sector on a quarterly, seasonally adjusted basis. It is widely used by economists and policymakers to gauge labor market health and business cycle trends.
Methodology
The data is collected through surveys of private employers and seasonally adjusted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this metric to inform decisions on monetary policy and employment trends.
Key Facts
- The series is reported on a quarterly basis.
- It is seasonally adjusted to account for regular fluctuations.
- The series dates back to 1964.
FAQs
Q: What does this economic trend measure?
A: This series measures the average weekly hours worked by production and nonsupervisory employees in the private sector on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and labor market conditions, and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers and seasonally adjusted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions use this metric to inform decisions on monetary policy and employment trends.
Q: Are there update delays or limitations?
A: The series is reported on a quarterly basis with a short lag, and is subject to occasional revisions by the data source.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SWEPREND401IXEBSAQ), retrieved from FRED.