Average Weekly Hours of All Employees: Professional and Business Services in Arkansas
SMU05000006000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.90
Year-over-Year Change
-0.54%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Professional and Business Services in Arkansas' trend measures the average number of hours worked per week by employees in the professional and business services sector in Arkansas.
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 trend provides insight into labor market conditions and productivity in the professional and business services industry, which includes occupations like accounting, legal services, and management consulting. It is a key economic indicator used by analysts and policymakers to monitor employment and economic activity.
Methodology
The data is collected through monthly surveys of employers in Arkansas.
Historical Context
The average weekly hours trend helps contextualize employment and output figures for the professional services sector.
Key Facts
- Arkansas has a large professional and business services sector.
- Average weekly hours in this sector have fluctuated over the past decade.
- The trend helps measure productivity and labor market tightness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the professional and business services sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor market conditions and productivity in the professional services industry, which is a key economic sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers in Arkansas.
Q: How is this trend used in economic policy?
A: The average weekly hours trend helps contextualize employment and output figures for the professional services sector, which is important for analysts and policymakers.
Q: Are there update delays or limitations?
A: The data is released monthly with typical government data publication lags.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Professional and Business Services in Arkansas (SMU05000006000000002), retrieved from FRED.