Average Weekly Hours of All Employees: Financial Activities in Massachusetts
SMU25000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.20
Year-over-Year Change
3.91%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Financial Activities in Massachusetts measures the average number of hours worked per week by financial services employees in the state.
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 economic indicator provides insight into labor market conditions and productivity trends within Massachusetts' financial sector. It is closely watched by economists, policymakers, and investors to assess the strength and stability of the state's financial industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric can inform decisions around economic and workforce policies that impact the financial services industry.
Key Facts
- Massachusetts is a major hub for the financial services industry.
- The financial sector accounts for a significant portion of the state's economy.
- Tracking average weekly hours can indicate productivity and labor demand trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the financial activities sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and productivity trends within the state's financial industry, which is a key driver of the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator can inform decisions around economic and workforce policies that impact the financial services industry in Massachusetts.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions of the CES survey.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Massachusetts (SMU25000005500000002A), retrieved from FRED.