Average Weekly Hours of All Employees: Private Service Providing in Arizona
SMU04000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.60
Year-over-Year Change
-0.59%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator measures the average weekly hours worked by private service-providing employees in Arizona. It provides insight into labor market conditions and economic activity in the state.
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 Average Weekly Hours of All Employees: Private Service Providing in Arizona tracks the average number of hours worked per week by private sector service industry workers. This metric is closely monitored by economists and policymakers as it reflects the overall health and productivity of the state's private service economy.
Methodology
The data is collected through surveys of private businesses and establishments in Arizona.
Historical Context
This trend is used to assess the strength of Arizona's labor market and service sector and inform economic policy decisions.
Key Facts
- Arizona's private service sector accounts for over 70% of total employment.
- Average weekly hours peaked at 32.3 in 2019 before declining during the COVID-19 pandemic.
- Service sector jobs make up the largest share of Arizona's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by private sector service industry employees in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and productivity of Arizona's service sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess labor market conditions and service sector activity, which informs economic policy decisions in Arizona.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Private Service Providing in Arizona (SMU04000000800000002), retrieved from FRED.