Average Weekly Hours of All Employees: Financial Activities in Missouri
SMU29000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.70
Year-over-Year Change
-1.08%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Hours of All Employees: Financial Activities in Missouri' tracks the average number of hours worked per week by employees in the financial sector within the state of Missouri. This measure provides insights into labor market conditions and productivity trends in the state's financial 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
This economic trend represents the average weekly hours worked by all employees in the financial activities sector in Missouri. It is a key indicator of labor market dynamics and can be used to assess productivity, compensation, and economic activity within the state's financial industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to understand labor market conditions and the overall health of Missouri's financial sector.
Key Facts
- Missouri's financial activities sector employs over 150,000 workers.
- The average weekly hours worked in this sector has remained relatively stable over the past decade.
- Financial activities account for nearly 6% of Missouri's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the financial activities sector within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and productivity in Missouri's financial industry, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand labor market dynamics and the overall health of Missouri's financial sector, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Missouri (SMU29000005500000002A), retrieved from FRED.