Average Weekly Hours of All Employees: Financial Activities in Colorado
SMU08000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.90
Year-over-Year Change
-3.06%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the financial activities sector in Colorado. It is an important indicator of labor market conditions and economic activity in the state's financial industry.
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: Financial Activities in Colorado tracks the average number of hours per week worked by employees in the financial sector across the state. This metric provides insight into the strength and productivity of Colorado's financial services industry.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this trend to assess the health and growth of Colorado's financial services industry and its broader economic implications.
Key Facts
- Colorado's financial activities sector employs over 150,000 people.
- The average weekly hours have increased by 2.5% over the past year.
- This trend is an important signal of the financial industry's contribution to Colorado's economy.
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 financial activities sector in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and growth of Colorado's financial services industry, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the health and growth of Colorado's financial services industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly 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 Colorado (SMU08000005500000002), retrieved from FRED.