Average Weekly Hours of All Employees: Leisure and Hospitality in Indiana
SMU18000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.60
Year-over-Year Change
2.40%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Leisure and Hospitality in Indiana' trend measures the average number of hours worked per week by all employees in the leisure and hospitality sector in the state of Indiana. This metric is an important indicator of economic activity and labor market conditions in the state.
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 tracks the average weekly hours of all employees, including both full-time and part-time workers, in the leisure and hospitality industry in Indiana. It provides insights into the overall level of economic activity and labor demand in this key service sector of the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the health of Indiana's leisure and hospitality industry and overall economic conditions.
Key Facts
- Indiana's leisure and hospitality sector accounts for over 10% of the state's total employment.
- Average weekly hours in this industry have remained relatively stable over the past decade.
- The trend is a leading indicator of consumer spending and tourism activity in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees, both full-time and part-time, in the leisure and hospitality industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall level of economic activity and labor demand in Indiana's leisure and hospitality sector, which is a key driver of the state's 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 economists use this trend to assess the health of Indiana's leisure and hospitality industry and overall economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be some delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Indiana (SMU18000007000000002), retrieved from FRED.