Average Annual Hours Worked by Persons Engaged for Israel
AVHWPEILA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,900.87
Year-over-Year Change
-3.25%
Date Range
1/1/1981 - 1/1/2019
Summary
The 'Average Annual Hours Worked by Persons Engaged for Israel' measures the average number of hours worked per year by individuals employed in Israel's economy. This metric is crucial for understanding labor productivity and workforce 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 series represents the average number of hours worked annually by persons engaged in economic activity in Israel. It is a key indicator of labor utilization and is used to assess productivity, work-life balance, and broader economic conditions.
Methodology
The data is collected through household and establishment surveys conducted by the Israeli Central Bureau of Statistics.
Historical Context
This trend is widely referenced by economists, policymakers, and international organizations to analyze Israel's labor market and productivity performance.
Key Facts
- Israel's average annual hours worked is among the highest in the OECD.
- The trend has remained relatively stable over the past decade.
- Long work hours can impact worker well-being and work-life balance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per year by individuals employed in Israel's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding labor productivity and workforce trends in Israel, which is important for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by economists, policymakers, and international organizations to analyze Israel's labor market and productivity performance, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some minor delays in publication.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Israel (AVHWPEILA065NRUG), retrieved from FRED.