Average Annual Hours Worked by Persons Engaged for Switzerland
AVHWPECHA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,556.88
Year-over-Year Change
-6.71%
Date Range
1/1/1950 - 1/1/2019
Summary
The Average Annual Hours Worked by Persons Engaged for Switzerland measures the average number of hours worked per year by individuals employed in the Swiss economy. This metric is important for economists and policymakers to assess labor productivity and inform economic policies.
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 data series tracks the average number of hours worked annually by people engaged in economic activity in Switzerland. It is a key indicator of labor market conditions and work-life balance that can inform policy decisions around labor laws, workforce development, and economic competitiveness.
Methodology
The data is collected through labor force surveys conducted by the Swiss Federal Statistical Office.
Historical Context
Policymakers and analysts use this metric to evaluate the efficiency and utilization of Switzerland's labor force.
Key Facts
- Switzerland has one of the highest average annual work hours among OECD countries.
- Swiss workers averaged over 1,500 hours worked per year as of the latest data.
- Hours worked have trended downward in Switzerland over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The Average Annual Hours Worked by Persons Engaged for Switzerland measures the average number of hours worked per year by individuals employed in the Swiss economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess labor productivity and inform economic policies around work-life balance, labor laws, and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the efficiency and utilization of Switzerland's labor force and inform policies related to workforce development and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to update delays typical of labor force survey information, and may not fully capture all aspects of work hours and labor market dynamics.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Switzerland (AVHWPECHA065NRUG), retrieved from FRED.