Annual, Not Seasonally Adjusted
CHEURTOTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.29
Year-over-Year Change
56.53%
Date Range
1/1/1975 - 1/1/2011
Summary
The Annual, Not Seasonally Adjusted series measures the number of hours worked per worker per year in the United States. This metric is crucial for understanding labor productivity and efficiency trends in the economy.
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
The Annual, Not Seasonally Adjusted series tracks the average number of hours worked annually by employed individuals in the U.S. This data point is widely used by economists and policymakers to analyze workforce dynamics, labor costs, and productivity shifts over time.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This economic indicator provides important context for interpreting employment, output, and wage data.
Key Facts
- The average U.S. worker logged 1,786 hours in 2021.
- Annual hours worked have declined by 3.4% since 2000.
- Full-time employees work about 500 more hours per year than part-time workers.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the average number of hours worked per year by employed individuals in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into labor productivity, workforce dynamics, and the overall efficiency of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze employment, output, and wage trends, which informs decisions on economic policy and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CHEURTOTADSMEI), retrieved from FRED.