Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in West Virginia
SMU54000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.50
Year-over-Year Change
-1.15%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities sectors in West Virginia. It provides insight into the state's labor market and economic activity in these key industries.
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: Trade, Transportation, and Utilities in West Virginia is an important economic indicator that tracks the average number of hours worked per week by employees in these vital sectors. It offers valuable information about the state's economic health and productivity.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and analysts use this trend to assess West Virginia's economic performance and make informed decisions.
Key Facts
- West Virginia has a large trade, transportation, and utilities sector.
- This trend shows the average weekly hours worked by employees in these industries.
- Tracking this data helps monitor the state's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities sectors in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the state's labor market and economic activity in these key industries, which is important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess West Virginia's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and potential limitations of the U.S. Bureau of Labor Statistics' employer surveys.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in West Virginia (SMU54000004000000002), retrieved from FRED.