Average Weekly Hours of All Employees: Financial Activities in Utah
SMU49000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
5.11%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by all employees in the financial activities sector in Utah. It provides insights into labor market conditions and economic activity in this key 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
The Average Weekly Hours of All Employees: Financial Activities in Utah is an important economic indicator that tracks the average number of hours worked per week by workers in the financial services, insurance, and real estate industries within the state. This metric helps analysts and policymakers understand labor market dynamics and assess the health of the financial sector in Utah.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, investors, and policymakers to monitor the financial services industry and make informed decisions.
Key Facts
- Utah's financial activities sector employs over 100,000 people.
- The average workweek in this industry is longer than the national average.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the financial activities 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 and the overall health of the financial industry in Utah, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this trend to monitor the financial services industry and make informed decisions about economic policies, investments, and regulatory actions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Utah (SMU49000005500000002A), retrieved from FRED.