Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Indiana
SMU18000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.90
Year-over-Year Change
-1.50%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services sector in Indiana. It provides insight into labor market conditions and productivity in this important industry.
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 tracks the number of hours worked on average by employees in the private education and health services sector in Indiana. This data point is used by economists and policymakers to analyze labor market trends and workforce productivity in this key service-providing industry.
Methodology
The data is collected through surveys of private establishments in Indiana by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to understand labor market dynamics and inform policies related to the education and healthcare sectors.
Key Facts
- The average weekly hours in this sector in Indiana have ranged from 31.2 to 34.6 over the past decade.
- Private education and health services account for over 20% of Indiana's total private employment.
- Fluctuations in average weekly hours can signal changes in staffing needs and labor productivity in this industry.
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 private education and health services sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and workforce productivity in an important service-providing industry in Indiana, which is valuable information for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments in Indiana by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand labor market dynamics and inform policies related to the education and healthcare sectors in Indiana.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the series is updated regularly by the Federal Reserve.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Indiana (SMU18000006500000002), retrieved from FRED.