Average Weekly Hours of All Employees: Leisure and Hospitality in Minnesota
SMU27000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.10
Year-over-Year Change
3.13%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Leisure and Hospitality in Minnesota measures the average number of hours worked per week by employees in the leisure and hospitality sector within the state. This data provides insights into industry activity and labor market trends.
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 series tracks the average weekly hours worked by all employees in the leisure and hospitality industry in Minnesota. It is an important indicator of economic conditions and labor market dynamics in this key service sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the health of Minnesota's service industry and consumer demand.
Key Facts
- Minnesota's leisure and hospitality sector employs over 300,000 workers.
- Average weekly hours peaked at 29.2 in July 2022.
- Leisure and hospitality wages in Minnesota grew 7.2% year-over-year in 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by employees in the leisure and hospitality industry in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the activity and labor market dynamics of Minnesota's service sector, which is an important indicator of the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of Minnesota's service industry and consumer demand, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Minnesota (SMU27000007000000002), retrieved from FRED.