Average Weekly Hours of All Employees: Total Private in Pennsylvania
SMU42000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.40
Year-over-Year Change
0.58%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Total Private in Pennsylvania' metric tracks the average number of hours worked per week by private sector employees in the state of Pennsylvania. This data point is an important indicator of economic activity and labor market conditions.
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 statistic measures the average number of hours worked per week by all private sector employees in Pennsylvania. It is a useful gauge of labor market trends and productivity, as changes in average weekly hours can signal shifts in hiring, overtime, or efficiency.
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 metric to assess the health of Pennsylvania's private sector and make informed decisions about economic and labor policies.
Key Facts
- The data is published monthly by the U.S. Bureau of Labor Statistics.
- Pennsylvania's private sector accounts for over 80% of the state's total employment.
- Trends in average weekly hours can signal changes in labor demand and utilization.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by private sector employees in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Changes in average weekly hours can provide insights into labor market conditions, productivity, and the overall health of Pennsylvania's private sector 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 metric to assess the state of Pennsylvania's private sector and make informed decisions about economic and labor policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Pennsylvania (SMU42000000500000002), retrieved from FRED.