Average Weekly Hours of All Employees: Construction in North Dakota
SMU38000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.60
Year-over-Year Change
-4.27%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Construction in North Dakota' series measures the average weekly hours worked by construction workers in North Dakota. This trend is an important economic indicator for assessing the health and activity of the state's construction 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 represents the average number of hours per week worked by all employees in the construction sector across North Dakota. It provides insight into the level of labor input and productivity in this key industry, which is closely tied to broader economic conditions and regional development.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly sample-based survey of businesses.
Historical Context
This metric is monitored by economists, policymakers, and industry analysts to gauge the strength of North Dakota's construction sector and its contributions to the state's overall economic performance.
Key Facts
- North Dakota has experienced rapid construction growth in recent years.
- The construction industry is a major employer in the state, accounting for over 10% of total nonfarm jobs.
- Tracking average weekly hours can provide early signals of changes in construction activity and labor demand.
FAQs
Q: What does this economic trend measure?
A: This series measures the average number of hours worked per week by all employees in the construction sector across the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of labor input and productivity in North Dakota's construction industry, which is a key driver of the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly sample-based survey of businesses.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts monitor this metric to gauge the strength of North Dakota's construction sector and its contributions to the state's overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Construction in North Dakota (SMU38000002000000002), retrieved from FRED.