Average Weekly Hours of All Employees: Private Service Providing in Oregon
SMU41000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
-1.84%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by private-sector service employees in Oregon. It provides insights into the state's labor market dynamics and service-sector activity.
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 of All Employees: Private Service Providing in Oregon is a key indicator of labor market conditions and the health of the state's service-providing industries. It offers economists and policymakers valuable data on employment trends and utilization of the service-sector workforce.
Methodology
The data is collected through surveys of private-sector employers in Oregon's service-providing industries.
Historical Context
This trend is used to analyze labor market trends and inform economic policy decisions at the state level.
Key Facts
- Oregon's private service sector employs over 70% of the state's workforce.
- Average weekly hours in the Oregon service sector have remained relatively stable in recent years.
- Service-providing industries account for a significant portion of Oregon's gross state product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by private-sector service employees in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market conditions and service-sector activity in Oregon, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private-sector employers in Oregon's service-providing industries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor labor market conditions and service-sector performance, which informs economic policy decisions at the state level.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short delay. There may be some limitations in capturing the full scope of the service sector, as the survey-based approach may not account for all service-providing establishments.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Private Service Providing in Oregon (SMU41000000800000002), retrieved from FRED.