Average Weekly Hours of All Employees: Education and Health Services in Alabama
SMU01000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.80
Year-over-Year Change
-1.74%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Education and Health Services in Alabama measures the average number of hours worked per week by individuals employed in the education and healthcare sectors in the state of Alabama.
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 provides insight into labor productivity and demand within Alabama's education and health services industries. It is a key metric used by economists and policymakers to analyze trends in the state's service sector employment and economic activity.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform discussions around labor market conditions, economic growth, and policy decisions affecting Alabama's education and healthcare sectors.
Key Facts
- Alabama's education and health services sector employs over 350,000 workers.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- This indicator helps monitor productivity and labor utilization in key service industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in Alabama's education and health services industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and productivity within a vital service sector of Alabama's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours can inform discussions around labor market conditions, economic growth, and policy decisions affecting Alabama's education and healthcare sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Alabama (SMU01000006500000002A), retrieved from FRED.