Average Weekly Hours of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota
SMU27000007072200007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.90
Year-over-Year Change
0.97%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the leisure and hospitality sector, specifically in food services and drinking places, within the state of Minnesota.
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 metric provides insights into the labor dynamics and productivity within Minnesota's food service and hospitality industry, which is a key component of the state's economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers and businesses to understand labor market conditions and make informed decisions.
Key Facts
- Minnesota's food services and drinking places employ over 300,000 workers.
- The average weekly hours in this sector have fluctuated between 25 and 30 hours.
- This metric is a leading indicator of economic activity and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the leisure and hospitality sector, specifically in food services and drinking places, within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor dynamics and productivity within Minnesota's food service and hospitality industry, which is a key component of the state's economy.
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 trend is relevant for policymakers and businesses to understand labor market conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota (SMU27000007072200007), retrieved from FRED.