Average Weekly Hours of All Employees: Financial Activities in Delaware
SMU10000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.80
Year-over-Year Change
-0.26%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Financial Activities in Delaware' metric tracks the average number of hours worked per week by employees in the financial sector in Delaware. This data point is a key indicator of economic activity and labor market conditions in the state's financial 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
This data series measures the average weekly hours worked by all employees in the financial activities sector in the state of Delaware. It provides insight into productivity, labor demand, and economic health within Delaware's financial services industry, which is a major component of the state's economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to gauge the strength of Delaware's financial sector and make informed decisions about economic and workforce policies.
Key Facts
- Delaware's financial activities sector accounts for over 20% of the state's GDP.
- The average weekly hours for financial workers in Delaware is consistently higher than the national average.
- This metric has shown volatility during periods of economic recession and recovery.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by employees in the financial activities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the productivity, labor demand, and overall economic health of Delaware's important financial services industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the strength of Delaware's financial sector and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and release date.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Delaware (SMU10000005500000002), retrieved from FRED.