All Employees: Construction: Specialty Trade Contractors in Rhode Island
Monthly, Not Seasonally Adjusted
SMU44000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.30
Year-over-Year Change
-1.92%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Monthly, Not Seasonally Adjusted' series measures the average number of hours worked per week by production and nonsupervisory employees in the education and health services industry. This metric provides insight into labor market conditions and productivity trends in this key economic sector.
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 'Monthly, Not Seasonally Adjusted' series tracks the average weekly hours worked by production and nonsupervisory employees in the education and health services industry. This data is used by economists and policymakers to analyze labor force dynamics, assess industry productivity, and inform workforce and economic development initiatives.
Methodology
The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Historical Context
This employment metric is closely monitored by the Federal Reserve and other government agencies to gauge the health of the education and healthcare industries and the broader economy.
Key Facts
- The education and health services industry accounts for over 20% of U.S. employment.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- Trends in this metric can signal changes in industry productivity and labor demand.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Not Seasonally Adjusted' series tracks the average number of hours worked per week by production and nonsupervisory employees in the education and health services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and productivity trends in a key economic sector, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is closely tracked by the Federal Reserve and other government agencies to gauge the health of the education and healthcare industries and the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delays, providing timely insights into labor market conditions in this sector.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU44000002023800001), retrieved from FRED.