Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Idaho
SMU16000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.60
Year-over-Year Change
2.98%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Idaho' measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in the state of Idaho. This trend provides insight into labor market conditions and economic activity in key industries.
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 for all employees across the trade, transportation, and utilities industries in Idaho. It serves as an important indicator of output, productivity, and labor demand in these critical economic sectors within the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the health of the Idaho economy and inform decisions related to fiscal and monetary policy.
Key Facts
- Idaho's trade, transportation, and utilities sector accounts for over 20% of the state's employment.
- Average weekly hours reached a low of 34.6 in April 2020 during the COVID-19 pandemic.
- The series has shown steady recovery since the 2020 dip, reflecting improving economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the trade, transportation, and utilities industries in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and economic activity in key industries, which is valuable for economists, policymakers, and businesses operating in Idaho.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the Idaho economy and inform decisions related to fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Idaho (SMU16000004000000002), retrieved from FRED.