Average Weekly Hours of All Employees: Information in Utah
SMU49000005000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.40
Year-over-Year Change
3.78%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Information in Utah trend measures the average number of hours worked per week by information sector employees in the state of Utah. This metric is a key indicator of labor market conditions and economic activity in the information 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 number of hours worked per week by all employees in the information sector, which includes industries like publishing, telecommunications, data processing, and broadcasting in the state of Utah. It provides insights into labor demand, productivity, and work-life balance trends within this important economic sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the health and growth potential of Utah's information economy.
Key Facts
- Utah's information sector accounts for over 6% of the state's total employment.
- Average weekly hours have increased by 2.5% over the past 5 years.
- The information sector has higher average weekly hours compared to the overall state average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the information sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and work-life balance trends within Utah's important information industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health and growth potential of Utah's information economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Information in Utah (SMU49000005000000002), retrieved from FRED.