Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Missouri
SMU29000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.30
Year-over-Year Change
-1.52%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services sector in Missouri. It provides insights into labor market conditions and productivity in this crucial 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 metric offers a timely indicator of workforce utilization and output levels in Missouri's private education and health services sector. Economists and policymakers monitor this data to assess the relative strength of this major component of the state's economy.
Methodology
The data is collected through surveys of private establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform workforce and economic development policies at the state level.
Key Facts
- Missouri's private education and health services sector employs over 400,000 workers.
- Average weekly hours peaked at 34.8 in 2019 before declining during the COVID-19 pandemic.
- This metric has returned to pre-pandemic levels, signaling a recovery in workforce utilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in Missouri's private education and health services sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring average weekly hours provides insights into labor market conditions and productivity in this crucial industry, informing economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours can inform workforce and economic development policies at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Missouri (SMU29000006500000002), retrieved from FRED.