Average Weekly Hours of All Employees: Financial Activities in Minnesota
SMU27000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.20
Year-over-Year Change
0.00%
Date Range
1/1/2007 - 6/1/2025
Summary
This trend measures the average weekly hours worked by all employees in the financial activities sector in Minnesota. It provides insights into labor market conditions and productivity in this important industry.
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: Financial Activities in Minnesota tracks the average number of hours worked per week by individuals employed in financial services, insurance, real estate, rental, and leasing occupations across the state. This metric is used by economists and policymakers to monitor labor market trends and assess the overall health of the financial sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely watched by financial institutions, government agencies, and economic analysts to gauge the strength and efficiency of Minnesota's financial services industry.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- Minnesota's financial activities sector employs over 200,000 workers.
- Average weekly hours in this sector have remained relatively stable in recent years.
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 the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity in Minnesota's important financial services industry, which is closely watched by economists, policymakers, and financial institutions.
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: This economic indicator is used by government agencies, financial institutions, and economic analysts to gauge the strength and efficiency of Minnesota's financial services sector, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, providing timely insights into labor market trends in Minnesota's financial activities sector.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Minnesota (SMU27000005500000002), retrieved from FRED.