Average Weekly Hours of All Employees: Financial Activities in Arkansas
SMU05000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
3.54%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Financial Activities in Arkansas measures the average number of hours worked per week by employees in the financial sector in Arkansas. This metric provides insight into the state's economic activity and labor market conditions.
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 series tracks the average weekly hours worked by all employees in the financial activities industry in Arkansas. It is a key indicator of labor market trends and productivity within the state's financial sector, which includes banking, insurance, and real estate.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers, economists, and analysts to evaluate the health and performance of Arkansas' financial services industry.
Key Facts
- Arkansas' financial activities sector employs over 80,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- This metric is a leading indicator of economic conditions in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the financial activities industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor market conditions and productivity within Arkansas' financial sector, which is a key driver of the state'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, economists, and analysts use this metric to evaluate the health and performance of Arkansas' financial services industry, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Arkansas (SMU05000005500000002A), retrieved from FRED.