Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Pennsylvania
SMU42000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.90
Year-over-Year Change
0.00%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services industry in Pennsylvania. It provides insights into labor market conditions and productivity in this key sector.
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 average weekly hours metric offers a snapshot of employment and work patterns in the private education and health services industry, which is a significant component of Pennsylvania's economy. It is used by economists and policymakers to analyze labor market trends and workforce utilization.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state of Pennsylvania's service-providing industries and informing economic and workforce policies.
Key Facts
- Pennsylvania's private education and health services industry accounts for over 1 million jobs.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- Changes in this metric can signal shifts in labor demand and workforce utilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the private education and health services industry in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and workforce utilization in a key service-providing sector of Pennsylvania's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this trend to monitor labor market dynamics in Pennsylvania's education and healthcare industries, which inform workforce and economic development policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Pennsylvania (SMU42000006500000002), retrieved from FRED.