All Employees: Wholesale Trade in Mississippi
Annual, Not Seasonally Adjusted
SMU28000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.80
Year-over-Year Change
8.55%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks the annual, not seasonally adjusted average weekly hours worked in the private sector in the United States. It provides insights into labor market trends and 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 Annual, Not Seasonally Adjusted average weekly hours series represents the average number of hours per week that private sector employees worked during the year, without adjusting for seasonal variations. This metric is a key indicator of labor market conditions and can inform economic analysis and policymaking.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the health of the labor market and overall economic activity.
Key Facts
- The series has been tracked since 1939.
- In 2022, the annual average weekly hours was 34.5 hours.
- This metric reached a low of 33.0 hours during the Great Recession in 2009.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual, not seasonally adjusted average number of hours per week that private sector employees worked in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual average weekly hours is a key metric for understanding labor market conditions, employee productivity, and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the labor market and inform decisions around economic policy and stimulus measures.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks between the end of the reporting period and the release of the data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU28000004100000001A), retrieved from FRED.