Average Weekly Hours of Production Employees: Health Care and Social Assistance in Indiana
SMU18000006562000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.50
Year-over-Year Change
0.31%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic indicator tracks the average weekly hours worked by production employees in the health care and social assistance industry in Indiana. It provides insights into labor market conditions and workforce utilization in this key sector.
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 measures the typical number of hours worked per week by production workers in Indiana's health care and social assistance industry. This data point is used by economists and policymakers to assess labor market trends and labor force utilization in this vital part of the state's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform economic and workforce policies aimed at supporting the health care and social services industry in Indiana.
Key Facts
- The series dates back to 2006.
- Indiana's health care and social assistance industry employs over 400,000 workers.
- Weekly hours averaged 35.2 in the most recent data.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by production employees in Indiana's health care and social assistance industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and workforce utilization in a critical sector of Indiana's economy.
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: Policymakers and economists use this data to inform policies and programs aimed at supporting the health care and social services industry in Indiana.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Health Care and Social Assistance in Indiana (SMU18000006562000007A), retrieved from FRED.