Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arkansas
SMU05000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.50
Year-over-Year Change
-1.99%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities industries in Arkansas. It provides insight into labor market conditions and productivity trends in this important 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 All Employees: Trade, Transportation, and Utilities in Arkansas tracks the average number of hours worked per week by employees in this key industry group. It is a valuable indicator of economic activity, labor demand, and productivity in the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to understand economic performance and workforce trends.
Key Facts
- Arkansas's trade, transportation, and utilities sector employs over 300,000 workers.
- The average workweek in this sector has remained relatively stable over the past decade.
- Fluctuations in average weekly hours can signal changes in demand and production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the trade, transportation, and utilities industries in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions, productivity, and economic activity in a key sector of Arkansas's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to understand workforce and production trends in Arkansas's trade, transportation, and utilities industries.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arkansas (SMU05000004000000002A), retrieved from FRED.