Average Annual Hours Worked by Persons Engaged for Austria
AVHWPEATA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,611.37
Year-over-Year Change
-6.58%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Average Annual Hours Worked by Persons Engaged for Austria' measures the average number of hours worked per year by individuals employed in Austria. This key labor market indicator is crucial for economists and policymakers to assess productivity and work-life balance trends.
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 metric tracks the average annual hours worked by people actively engaged in economic activity in Austria. It provides insights into labor force utilization, work culture, and productivity that are valuable for economic analysis and policy decisions.
Methodology
The data is collected through labor force surveys and other statistical reporting by the Austrian government.
Historical Context
This trend is widely used by economists, employers, and policymakers to benchmark Austria's labor market performance.
Key Facts
- Austria's average annual work hours are around 1,600.
- Austria has one of the lowest average work hour levels in the OECD.
- Work hours have generally declined in Austria over the past decades.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per year by individuals employed in the Austrian economy.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides insights into productivity, work-life balance, and labor force utilization in Austria that are valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys and other statistical reporting by the Austrian government.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, employers, and policymakers to benchmark Austria's labor market performance and work culture.
Q: Are there update delays or limitations?
A: The data is published with a lag, but represents a comprehensive measure of work hours in the Austrian economy.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Austria (AVHWPEATA065NRUG), retrieved from FRED.