Average Weekly Hours of All Employees: Construction in Connecticut
SMU09000002000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.10
Year-over-Year Change
-1.33%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Hours of All Employees: Construction in Connecticut' metric measures the average weekly hours worked by construction workers in the state of Connecticut. This trend is a key indicator of economic activity and labor market conditions in the construction 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
This data series tracks the average number of hours per week worked by all employees in the construction sector in Connecticut. It is used by economists and policymakers to monitor labor market trends and assess the health of the construction industry within the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in average weekly hours can signal shifts in construction activity and labor demand, providing insights for economic analysis and policy decisions.
Key Facts
- The series dates back to 2006.
- Connecticut's construction industry employs over 60,000 workers.
- Average weekly hours peaked at 42.2 in 2019.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours per week worked by all employees in the construction sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: Changes in average weekly hours can signal shifts in construction activity and labor demand, providing insights for economic analysis and policy decisions.
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 economists use this metric to monitor labor market trends and assess the health of the construction industry within Connecticut.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Related Trends
Industrial Carbon Dioxide Emissions, Industrial Other for Connecticut
EMISSCO2VCLICBCTA
90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Connecticut
PPCIUBAACT09000A156NCEN
Dividends, Interest and Rent in Connecticut
CTODIV
Number of Identified Exporters to Canada from Connecticut
CTCANA475SCEN
Exports of Goods: Non-Manufactured Commodities for Connecticut
EXPNONCT
Chain-Type Quantity Index for Real GDP: Accommodation (721) in Connecticut
CTACCOMDQGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Construction in Connecticut (SMU09000002000000002A), retrieved from FRED.