Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Montana
SMU30000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.80
Year-over-Year Change
0.00%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services sector in Montana. It provides insights into the labor market and operational demands within this important economic segment.
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 tracks the average number of hours worked per week by all employees, including full-time and part-time workers, in the private education and health services industry in Montana. This data point is used by economists and policymakers to analyze workforce trends and productivity in this key service sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the operational capacity and labor demands within Montana's private education and healthcare industries.
Key Facts
- Montana's private education and health services sector employs over 100,000 workers.
- The average weekly hours trend has remained relatively stable over the past decade.
- This metric is a leading indicator of labor market conditions in a key service industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees, including full-time and part-time workers, in the private education and health services sector in Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and operational demands within Montana's private education and healthcare industries, which are important service sectors for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze workforce trends and productivity in Montana's private education and healthcare industries, which can inform decisions and policies related to these key service sectors.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in availability depending on the source.
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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 Montana (SMU30000006500000002), retrieved from FRED.