Indexes of Aggregate Weekly Hours of Production and Nonsupervisory Employees, Other Services
CES8000000034 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.60
Year-over-Year Change
0.09%
Date Range
1/1/1964 - 7/1/2025
Summary
Tracks weekly work hours for production and nonsupervisory employees in the service sector. Provides critical insights into labor utilization and economic activity.
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 index measures total hours worked by non-management employees in service industries. It helps economists understand workforce engagement and economic productivity.
Methodology
Calculated through comprehensive employer surveys tracking employee work hours.
Historical Context
Used by policymakers to assess labor market strength and economic performance.
Key Facts
- Reflects total hours worked across service industries
- Excludes supervisory and management personnel
- Critical indicator of economic activity
FAQs
Q: What does this index measure?
A: Tracks total weekly work hours for non-management employees in service sectors. Provides insights into labor market dynamics.
Q: Why are aggregate work hours important?
A: Hours worked indicate economic productivity and potential business activity. Helps predict economic trends.
Q: How often is this data updated?
A: Typically updated monthly by the Bureau of Labor Statistics. Provides current labor market information.
Q: What industries are included?
A: Covers various service sectors excluding management and supervisory roles. Broad economic representation.
Q: How do economists use this data?
A: Analyze labor market health, predict economic growth, and assess workforce productivity trends.
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Citation
U.S. Federal Reserve, Indexes of Aggregate Weekly Hours of Production and Nonsupervisory Employees, Other Services (CES8000000034), retrieved from FRED.