Average Weekly Hours of All Employees: Other Services in Illinois
SMU17000008000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.00
Year-over-Year Change
-1.45%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Other Services in Illinois' trend measures the average number of hours worked per week by employees in the 'other services' industry sector in Illinois. This data provides insights into 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
The 'Other Services' industry sector includes a diverse range of businesses such as repair and maintenance services, personal care services, and religious and civic organizations. Analyzing the average weekly hours in this sector helps economists and policymakers understand trends in employment, productivity, and consumer demand.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking this trend is important for monitoring the health of Illinois' service-based economy and informing economic policies at the state level.
Key Facts
- The average weekly hours in Illinois' other services sector reached a high of 31.2 hours in June 2021.
- Since the COVID-19 pandemic, average weekly hours in this sector have fluctuated but remained below pre-pandemic levels.
- The other services sector accounts for around 4% of total nonfarm employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the 'other services' industry sector in Illinois, which includes a diverse range of businesses such as repair, personal care, and religious/civic organizations.
Q: Why is this trend relevant for users or analysts?
A: Tracking the average weekly hours in Illinois' other services sector provides insights into labor market conditions, productivity, and consumer demand, which are important for understanding the overall health of the state's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend is important for policymakers and economists at the state level to inform economic policies and understand the performance of Illinois' service-based industries.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the Current Employment Statistics program.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Other Services in Illinois (SMU17000008000000002), retrieved from FRED.