Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in the District of Columbia
SMU11000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.20
Year-over-Year Change
-18.96%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in the District of Columbia metric measures the average number of hours worked per week by employees in these industries in the District of Columbia. This indicator provides insights into labor market trends and economic activity.
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 tracks the average weekly hours worked by employees in the trade, transportation, and utilities sectors in the District of Columbia. It is a key indicator of productivity, labor utilization, and economic conditions in these critical industries.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of the District of Columbia's service-oriented economy.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- The series dates back to January 2007.
- Average weekly hours in this sector have fluctuated between 34 and 38 hours since 2007.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average number of hours worked per week by employees in the trade, transportation, and utilities sectors in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor market trends and the overall health of the District of Columbia's service-oriented economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess economic conditions and labor utilization in the District of Columbia's key service industries.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delays by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in the District of Columbia (SMU11000004000000002A), retrieved from FRED.