Average Weekly Hours of All Employees: Total Private in Idaho
SMU16000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.30
Year-over-Year Change
1.73%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Total Private in Idaho' series measures the average number of hours worked per week by private sector employees in the state of Idaho. This metric is a key indicator of labor market conditions and economic activity in the state.
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 economic trend provides insight into the work patterns and productivity of Idaho's private sector workforce. It is widely used by economists, policymakers, and businesses to assess the strength of the state's economy and make informed decisions regarding employment, investment, and economic policy.
Methodology
The data is collected through surveys of private sector employers in Idaho and calculated as a weekly average.
Historical Context
This series is often used in conjunction with other labor market and economic indicators to evaluate the overall health and performance of Idaho's economy.
Key Facts
- The series has been tracked since 1939.
- Idaho's average weekly hours peaked at 41.1 in 2000.
- The series experienced a decline during the Great Recession but has since recovered.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Hours of All Employees: Total Private in Idaho' series measures the average number of hours worked per week by private sector employees in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength and productivity of Idaho's private sector labor market, which is crucial for understanding the overall health and performance of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers in Idaho and calculated as a weekly average.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series, along with other economic indicators, to assess the state of Idaho's economy and inform decisions regarding employment, investment, and economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months, and the series may be subject to periodic revisions based on updated survey information.
Related Trends
Real Gross Domestic Product: All Industry Total in Idaho
IDRQGSP
Real Gross Domestic Product: Wood Product Manufacturing (321) in Idaho
IDWPMANRGSP
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Idaho
IDNDURMANRGSP
Real Gross Domestic Product: Food Services and Drinking Places (722) in Idaho
IDFOODDPRGSP
Gross Domestic Product: Private Goods-Producing Industries in Idaho
IDPRIGOODPRONGSP
Real Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in Idaho
IDMISCPRORGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Idaho (SMU16000000500000002), retrieved from FRED.