Average Weekly Hours of All Employees: Construction in Ohio
SMU39000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.70
Year-over-Year Change
4.63%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Construction in Ohio metric tracks the average number of hours worked per week by construction employees in the state. This measure provides insights into the activity and labor demand within Ohio's construction 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 series represents the average weekly hours for all employees in the construction industry across Ohio. It is a key indicator of economic activity and labor market conditions in the state's construction sector, which is an important component of the overall economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to assess the health and trajectory of Ohio's construction industry and broader economic performance.
Key Facts
- Ohio's construction industry employs over 200,000 workers.
- Construction accounts for approximately 5% of Ohio's GDP.
- The average weekly hours for construction workers in Ohio has remained stable around 40 hours in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by employees in Ohio's construction industry. It provides insights into labor demand and activity levels in this important sector.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours in construction is a key indicator of the health and trajectory of Ohio's construction industry, which is a vital component of the state's overall economic performance.
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: Policymakers, businesses, and economists closely monitor this trend to assess the state of Ohio's construction industry and broader economic conditions, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Construction in Ohio (SMU39000002000000002), retrieved from FRED.