Average Weekly Hours of All Employees: Financial Activities in Wisconsin
SMU55000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.20
Year-over-Year Change
1.09%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Financial Activities in Wisconsin metric tracks the average number of hours worked per week by financial industry workers 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
This indicator provides insights into the labor market and productivity trends within Wisconsin's financial sector. It is used by economists and policymakers to analyze employment conditions and workforce utilization.
Methodology
The data is collected through surveys of employers and calculated as a monthly average.
Historical Context
This metric helps inform economic and labor market policies affecting the financial industry in Wisconsin.
Key Facts
- Wisconsin's financial sector employs over 100,000 people.
- Average weekly hours peaked at 39.5 in 2019 before declining during the COVID-19 pandemic.
- The financial activities industry accounts for approximately 5% of Wisconsin's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by employees in Wisconsin's financial activities industry, including banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and productivity trends within Wisconsin's financial sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as a monthly average of weekly hours worked.
Q: How is this trend used in economic policy?
A: This metric helps inform economic and labor market policies affecting the financial industry in Wisconsin, such as workforce development initiatives and regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Wisconsin (SMU55000005500000002A), retrieved from FRED.