Average Annual Hours Worked by Persons Engaged for Philippines
AVHWPEPHA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,168.30
Year-over-Year Change
3.64%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Average Annual Hours Worked by Persons Engaged for Philippines' trend measures the average number of hours worked per year by employed individuals in the Philippines. This metric is important for economists and policymakers to assess labor productivity and work-life balance.
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 economic indicator tracks the average annual hours worked by people engaged in economic activity in the Philippines. It provides insights into the labor market and can inform workforce policies aimed at improving productivity and work-life balance.
Methodology
The data is collected through household and business surveys conducted by the Philippine Statistics Authority.
Historical Context
Policymakers and analysts use this trend to evaluate labor market conditions and inform economic policies.
Key Facts
- The average annual hours worked in the Philippines has remained relatively stable over the past decade.
- Long work hours can contribute to burnout and decreased productivity.
- Policymakers use this trend to assess work-life balance and inform labor policies.
FAQs
Q: What does this economic trend measure?
A: The 'Average Annual Hours Worked by Persons Engaged for Philippines' trend measures the average number of hours worked per year by employed individuals in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor productivity and work-life balance, which are important considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by the Philippine Statistics Authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate labor market conditions and inform economic policies aimed at improving productivity and work-life balance.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in data availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Philippines (AVHWPEPHA065NRUG), retrieved from FRED.