Average Weekly Hours of All Employees: Construction in Louisiana
SMU22000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.60
Year-over-Year Change
-1.39%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator tracks the average weekly hours worked by all employees in the construction industry in Louisiana. It provides insights into labor market conditions and economic activity in the state's construction 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 of All Employees: Construction in Louisiana metric measures the average number of hours worked per week by all employees in the construction industry within the state. This data point is used by economists and policymakers to monitor labor market trends and assess the overall health of the construction industry in Louisiana.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is relevant for understanding the state of Louisiana's construction industry and its broader economic conditions.
Key Facts
- The series dates back to 2006.
- Louisiana's construction industry employs over 100,000 workers.
- Average weekly hours have fluctuated between 38 and 42 since 2015.
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 construction industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and economic activity in Louisiana's construction sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the health of Louisiana's construction industry and inform economic policies related to employment, infrastructure, and regional development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Construction in Louisiana (SMU22000002000000002), retrieved from FRED.