All Employees: Government in Massachusetts
Annual, Not Seasonally Adjusted
SMU25000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
470.50
Year-over-Year Change
7.62%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures the total number of hours worked in the United States. It is a key indicator of labor market activity and economic productivity.
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 total hours worked metric represents the total labor input into the production of goods and services in the U.S. economy. It is widely used by economists and policymakers to analyze trends in employment, worker productivity, and the overall health of the macroeconomy.
Methodology
The data is collected through surveys of U.S. establishments by the Bureau of Labor Statistics.
Historical Context
Total hours worked is a crucial input for calculating other important economic statistics like labor productivity and unit labor costs.
Key Facts
- Annual, not seasonally adjusted data series.
- Covers the total number of hours worked in the U.S.
- Provides insight into labor market dynamics and productivity.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of hours worked by employees in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Total hours worked is a key indicator of labor market activity and economic productivity, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. establishments conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Total hours worked is a crucial input for calculating other important economic statistics like labor productivity and unit labor costs, which inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data is subject to periodic updates from the Bureau of Labor Statistics, with some potential for delays in the most recent figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU25000009000000001A), retrieved from FRED.