Average Weekly Hours of All Employees: Financial Activities in Nebraska
SMU31000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.30
Year-over-Year Change
-0.53%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Financial Activities in Nebraska measures the average number of hours worked per week by employees in the financial activities sector in the state of Nebraska. This metric provides insight into the economic activity and labor demands within Nebraska'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 series tracks the average weekly hours for all employees in the financial activities sector in Nebraska. It is a key indicator of labor utilization and productivity trends in the state's finance and insurance industries, which are important contributors to the local economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the health and growth of Nebraska's financial sector.
Key Facts
- Nebraska's financial activities sector employs over 60,000 workers.
- Average weekly hours peaked at 38.9 in 2015 before declining.
- The financial activities industry accounts for 5.5% of Nebraska's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the financial activities sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic activity and labor demands within Nebraska's finance and insurance industries, which are important contributors to 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 monitor this trend to assess the health and growth of Nebraska's financial sector.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only covers the financial activities sector in Nebraska specifically.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Nebraska (SMU31000005500000002A), retrieved from FRED.