Average Weekly Hours of All Employees: Financial Activities in Connecticut
SMU09000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.70
Year-over-Year Change
3.29%
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 Connecticut. It provides insights into labor market conditions and productivity in this key 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 Connecticut metric tracks the average number of hours per week worked by individuals employed in the financial services, insurance, real estate, rental, and leasing industries within the state. This data point is used by economists and policymakers to analyze labor market trends and productivity in Connecticut's finance sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health and activity of Connecticut's finance industry, which is a major contributor to the state's economy.
Key Facts
- Connecticut's finance sector accounts for over 10% of the state's GDP.
- Weekly hours in the finance industry have remained relatively stable over the past decade.
- Changes in this metric can signal shifts in labor demand and productivity in Connecticut's finance sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by employees in the financial activities sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity in Connecticut's finance industry, which is a key driver of the state's economy.
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: Economists and policymakers use this trend to monitor the health and activity of Connecticut's finance sector, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Connecticut (SMU09000005500000002), retrieved from FRED.