Production or Nonsupervisory Employees: Construction in Connecticut
Annual, Not Seasonally Adjusted
SMU09000002000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.20
Year-over-Year Change
15.71%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average weekly hours worked in the private sector in the U.S. It provides insights into labor market conditions and productivity.
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 annual, not seasonally adjusted average weekly hours worked metric represents the average number of hours per week that private sector employees work over the course of a year. This data point is used by economists and policymakers to analyze labor market trends and productivity levels.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform economic policy decisions and market analyses.
Key Facts
- The average annual, not seasonally adjusted weekly hours worked in the U.S. private sector is around 34.5 hours.
- This metric has been relatively stable over the past decade, reflecting consistent labor market conditions.
- Trends in annual average weekly hours can signal changes in workforce productivity and utilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average number of hours worked per week by private sector employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity levels, which are important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in annual average weekly hours are used by economists and policymakers to inform decisions on economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release lag of around 1-2 months.
Related Trends
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Connecticut
CTAGRNQGSP
Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Connecticut
CTTEXTNGSP
State Government Tax Collections, Corporation Net Income Taxes in Connecticut
CTCORPINCTX
Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Connecticut
CTMVEHMANQGSP
Housing Inventory: Pending Listing Count in Connecticut
PENLISCOUCT
All Employees: Professional and Business Services: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Connecticut
SMU09000006054120001SA
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU09000002000000006A), retrieved from FRED.