Average Weekly Hours of Production Employees: Trade, Transportation, and Utilities in West Virginia
SMU54000004000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.40
Year-over-Year Change
0.29%
Date Range
1/1/2005 - 7/1/2025
Summary
This economic indicator tracks the average weekly hours worked by production employees in the trade, transportation, and utilities industries in West Virginia. It provides insights into labor market conditions and productivity trends in the state.
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 Production Employees: Trade, Transportation, and Utilities in West Virginia metric measures the average number of hours per week worked by production-related employees in these key economic sectors. This data point is used by economists and policymakers to analyze labor market dynamics and productivity in the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a valuable input for understanding the overall health of West Virginia's economy and labor market.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- West Virginia's trade, transportation, and utilities sectors employ over 230,000 workers.
- Average weekly hours in this sector have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours per week worked by production employees in the trade, transportation, and utilities industries in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and productivity trends in key economic sectors, which is valuable information for economists, policymakers, and businesses.
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: This indicator is used by economists and policymakers to analyze the overall health of West Virginia's economy and labor market.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Trade, Transportation, and Utilities in West Virginia (SMU54000004000000007), retrieved from FRED.