All Employees: Construction: Heavy and Civil Engineering Construction in Arizona
Annual, Not Seasonally Adjusted
SMU04000002023700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.10
Year-over-Year Change
72.85%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average weekly hours worked in the private sector in the Dallas-Fort Worth-Arlington, TX metropolitan area. It provides insights into local 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 annual, not seasonally adjusted average weekly hours metric tracks the average number of hours worked per week by private sector employees in the Dallas-Fort Worth-Arlington metropolitan area on an annual basis, without adjusting for seasonal factors. This helps economists and policymakers understand broader labor market trends in the region.
Methodology
This data is collected through surveys of private employers in the Dallas-Fort Worth-Arlington area by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to analyze regional economic performance and labor market dynamics.
Key Facts
- The annual average weekly hours peaked at 35.3 in 2019.
- Weekly hours dropped to 34.2 in 2020 due to the COVID-19 pandemic.
- Dallas-Fort Worth is the 4th largest metropolitan area in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average weekly hours worked in the private sector in the Dallas-Fort Worth-Arlington, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into local labor market conditions and productivity, which is useful for economists and policymakers analyzing regional economic performance.
Q: How is this data collected or calculated?
A: This data is collected through surveys of private employers in the Dallas-Fort Worth-Arlington area by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to analyze regional economic performance and labor market dynamics, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the data does not account for seasonal factors.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000002023700001A), retrieved from FRED.