Monthly, Seasonally Adjusted
LRHUTTTTO1M156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.70
Year-over-Year Change
-9.52%
Date Range
4/1/1998 - 9/1/2017
Summary
The Monthly, Seasonally Adjusted series measures the average number of hours worked per week by all employees in the total private sector, seasonally adjusted. This metric is a key indicator of labor market conditions and productivity.
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 Monthly, Seasonally Adjusted series provides a comprehensive view of the average workweek for private sector employees. It is used by economists and policymakers to assess labor market dynamics and gauge overall economic health.
Methodology
The data is collected through surveys of private sector employers and adjusted for seasonal variations.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The average workweek in the private sector is around 34.5 hours.
- The series has shown gradual increases in average hours over the past decade.
- Longer workweeks can signal a tight labor market and rising productivity.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series measures the average number of hours worked per week by all private sector employees, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and overall economic productivity, providing insights that are closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this trend to inform decisions on monetary and fiscal policy, as it reflects the overall health and productivity of the labor market.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months, and may be subject to minor revisions as more information becomes available.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for OECD
OECDLFIN55FESTQ
Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for OECD
OECDLRUN55TTSTSAQ
Balance of Payments: Goods: Balance (Revenue Minus Expenditure) for OECD
OECDB6BLTD01CXCUQ
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total
OECDULQEUL01GPSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for OECD
OECDLRHU24TTSTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for OECD
OECDCP010000GYM
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LRHUTTTTO1M156S), retrieved from FRED.