Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Delaware
SMU10000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.70
Year-over-Year Change
-4.23%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic indicator tracks the average weekly hours worked by all employees in the trade, transportation, and utilities sector in Delaware. It provides insights into the activity and labor demand in this key 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 of All Employees: Trade, Transportation, and Utilities in Delaware is a monthly economic indicator that measures the average number of hours worked per week by all employees in this sector. It serves as a barometer of economic activity and labor market conditions in Delaware's trade, transportation, and utilities industries.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the health and trends within Delaware's economy.
Key Facts
- Delaware's trade, transportation, and utilities sector employs over 110,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past year.
- Trends in this indicator can signal changes in consumer demand and business investment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by all employees in Delaware's trade, transportation, and utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of economic activity and labor demand in a key industry, which is useful for understanding the overall health of Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this indicator to assess the performance of Delaware's trade, transportation, and utilities sector and its implications for the broader state economy.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, with a typical delay of one to two months from the reference period.
Related Trends
Average Hourly Earnings of All Employees: Goods Producing in Delaware
SMU10000000600000003A
All Employees: Professional, Scientific, and Technical Services in Delaware
SMU10000006054000001A
Real Gross Domestic Product: Accommodation and Food Services (72) in Delaware
DEACCOMDRQGSP
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Delaware
DEARTENTRECRGSP
Nondurable Manufacturing Wages and Salaries in Delaware
DEWNON
Gross Domestic Product: Utilities (22) in Delaware
DEUTILNGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Delaware (SMU10000004000000002A), retrieved from FRED.