Average Weekly Hours of Production Employees: Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers in Illinois
SMU17000004142500007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.30
Year-over-Year Change
4.64%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the average weekly hours of production employees in the wholesale trade industry, specifically in the electronic markets and agents and brokers sector in Illinois. It provides insight into the labor utilization and productivity in this key economic segment.
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 metric indicates the typical workload for production employees in the wholesale electronic markets and agents and brokers industry in Illinois. This data point is used by economists and policymakers to assess labor market conditions and productivity trends within the wholesale trade sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health and activity levels of the wholesale trade industry, which is an important driver of economic growth and distribution.
Key Facts
- Data is seasonally adjusted.
- Covers the wholesale electronic markets and agents and brokers industry.
- Provides insight into labor utilization in this key economic sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the wholesale electronic markets and agents and brokers industry in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding labor market conditions and productivity trends within the wholesale trade sector, which is an important driver of economic growth and distribution.
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 use this trend to assess the health and activity levels of the wholesale trade industry, which informs economic and market analysis.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with typical delays of a few weeks.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers in Illinois (SMU17000004142500007A), retrieved from FRED.