Average Weekly Hours of Production Employees: Wholesale Trade in Arizona
SMU04000004100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.10
Year-over-Year Change
-6.74%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the wholesale trade industry in Arizona. It provides insights into labor market conditions and productivity in this key economic sector.
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 Production Employees: Wholesale Trade in Arizona metric tracks the average number of hours per week worked by production workers in the wholesale trade industry within the state of Arizona. This data point is used by economists and policymakers to gauge labor market trends and assess the overall health of the state's wholesale trade sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Trends in average weekly hours can inform economic and employment policies at the state level.
Key Facts
- Arizona's wholesale trade sector employs over 120,000 workers.
- The average workweek in Arizona's wholesale trade industry is around 40 hours.
- Wholesale trade accounts for approximately 5% of Arizona's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by production employees in the wholesale trade industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours can provide insights into labor market conditions, productivity, and the overall health of Arizona's wholesale trade sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours in Arizona's wholesale trade industry can inform economic and employment policies at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Wholesale Trade in Arizona (SMU04000004100000007), retrieved from FRED.