Average Weekly Hours of All Employees: Financial Activities in Florida
SMU12000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.30
Year-over-Year Change
-1.84%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Financial Activities in Florida measures the average number of hours worked per week by employees in the financial industry within the state of Florida. This trend provides insight into labor market conditions and economic activity in the state's financial sector.
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 series tracks the average weekly hours of all employees working in financial activities, such as banking, insurance, and securities, across Florida. It is a key indicator of productivity, labor utilization, and the overall health of the state's financial services industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the economic performance and labor market dynamics in Florida's financial sector.
Key Facts
- Florida is a major financial hub in the southeastern United States.
- The financial services industry is a significant contributor to Florida's economy.
- Tracking average weekly hours can indicate changes in labor market conditions and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the financial activities sector in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity, labor utilization, and overall health of Florida's financial services industry, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the economic performance and labor market dynamics in Florida's financial sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and reporting practices of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Florida (SMU12000005500000002), retrieved from FRED.