Average Weekly Hours of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Indiana
SMU18000007072000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.20
Year-over-Year Change
0.83%
Date Range
1/1/2003 - 6/1/2025
Summary
This trend measures the average weekly hours worked by production employees in the leisure and hospitality sector, specifically in the accommodation and food services industry in Indiana. It provides insights into labor market conditions and economic activity in this important 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 tracks the amount of time production workers in the leisure and hospitality industry in Indiana spend on the job. This data is a key indicator of economic health, as fluctuations in hours can signal changes in consumer demand, business operations, and hiring trends.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of the Indiana service economy and make informed decisions.
Key Facts
- Indiana's leisure and hospitality industry accounts for over 10% of the state's employment.
- Average weekly hours in this sector have declined during recessions but rebounded in economic expansions.
- The accommodation and food services sub-sector makes up the largest share of leisure and hospitality employment in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the leisure and hospitality sector, specifically in the accommodation and food services industry in Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and economic activity in an important service industry, helping policymakers and economists assess the strength of Indiana's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the strength of the Indiana service economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Indiana (SMU18000007072000007), retrieved from FRED.