Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Massachusetts
SMU25000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.40
Year-over-Year Change
0.00%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Massachusetts' trend measures the average weekly hours worked in these critical economic sectors within the state of Massachusetts.
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
This metric provides insight into the employment dynamics and labor utilization in Massachusetts' trade, transportation, and utilities industries, which are key drivers of the state's economy. It is used by economists and policymakers to analyze labor market conditions and inform economic policies.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the overall health of Massachusetts' economy and assessing the effects of economic policies on the labor market.
Key Facts
- The average weekly hours in Massachusetts' trade, transportation, and utilities sectors were 34.7 in January 2023.
- This trend has shown a gradual increase over the past decade, indicating growing labor demand in these industries.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities industries within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and the utilization of the workforce in key economic sectors, which is important for understanding the overall health of the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze labor market dynamics and inform economic policies that may impact the trade, transportation, and utilities industries in Massachusetts.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Massachusetts (SMU25000004000000002), retrieved from FRED.