All Employees: Financial Activities in Utah
Annual, Not Seasonally Adjusted
SMU49000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.80
Year-over-Year Change
41.95%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator measures the annual, not seasonally adjusted average weekly hours worked in the private sector in the United States. It provides insights into productivity and labor market trends.
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 Annual, Not Seasonally Adjusted series tracks the average weekly hours worked by private sector employees on an annual basis, without adjusting for seasonal variations. This metric is closely monitored by economists and policymakers to assess labor market conditions and productivity.
Methodology
The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform economic policy decisions and be used to analyze labor market dynamics.
Key Facts
- The annual average weekly hours peaked at 34.6 in 2019.
- Hours worked declined during the COVID-19 pandemic, dropping to 33.9 in 2020.
- Trends in average weekly hours can signal changes in labor demand and utilization.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual average weekly hours worked by private sector employees in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours provide insights into labor market dynamics, productivity, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess labor market conditions and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a one-month lag. There may be revisions to historical data over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU49000005500000001A), retrieved from FRED.