Average Weekly Hours of All Employees: Education and Health Services in Montana
SMU30000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.70
Year-over-Year Change
0.60%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Education and Health Services in Montana is an important economic indicator that measures the average number of hours worked per week by employees in the education and health services sector in the state of Montana.
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 indicator provides insight into the labor market and economic activity in the education and health services industry within Montana. It is used by economists, policymakers, and analysts to understand trends in employment and productivity in this key sector.
Methodology
The data is collected through surveys of businesses and establishments in Montana.
Historical Context
This trend is relevant for understanding the health of the education and healthcare industries and informing economic policy decisions.
Key Facts
- Montana's average weekly hours in education and health services are typically higher than the national average.
- This trend has seen relatively stable levels in recent years, with some seasonal fluctuations.
- The education and health services sector is a major employer in Montana's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the education and health services sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor market conditions and economic activity in a key industry within Montana, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Montana.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to the education and healthcare industries, as well as broader economic conditions in Montana.
Q: Are there update delays or limitations?
A: There may be some delays in the data due to the survey-based collection process, but the Federal Reserve aims to provide timely and accurate information.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Montana (SMU30000006500000002A), retrieved from FRED.