Average Weekly Hours of All Employees: Construction in Idaho
SMU16000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.50
Year-over-Year Change
7.24%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the construction industry in Idaho. It provides important insights into the health and activity of the construction sector, which is a key driver of economic growth and investment.
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: Construction in Idaho is a monthly economic indicator that tracks the average number of hours worked per week by all employees in Idaho's construction industry. It is used by economists, policymakers, and analysts to gauge the overall level of activity and labor demand in the construction sector.
Methodology
The data is collected through surveys of construction businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers and market participants to understand the strength of the construction industry and broader economic conditions.
Key Facts
- The average weekly hours in Idaho's construction industry in 2022 was 40.1 hours.
- Construction accounts for around 5% of Idaho's total employment.
- Weekly hours in Idaho's construction sector have trended upward since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the construction industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours in construction is a key indicator of activity and labor demand in this important sector, providing insights into the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this trend to understand the strength of the construction industry and broader economic conditions in Idaho.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Construction in Idaho (SMU16000002000000002), retrieved from FRED.