Average Hourly Earnings of All Employees: Total Private in Puerto Rico
Annual
SMU72000000500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.06
Year-over-Year Change
27.22%
Date Range
1/1/2013 - 1/1/2024
Summary
The Annual series measures the average weekly hours worked in the total private non-farm sector in the United States. This metric is a key indicator of labor market conditions and productivity.
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 series tracks the average number of hours per week that private non-farm employees work. It is a vital economic indicator used by policymakers, analysts, and businesses to gauge labor utilization and efficiency.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample of businesses and government agencies.
Historical Context
Trends in average weekly hours can signal changes in labor demand and inform decisions around employment, wages, and economic policy.
Key Facts
- The average American private sector worker puts in around 34.5 hours per week.
- Average weekly hours reached a low of 33.7 during the 2008-2009 recession.
- Historically, average weekly hours have ranged from 33 to 35 hours.
FAQs
Q: What does this economic trend measure?
A: The Annual series tracks the average number of hours per week that private non-farm employees work in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours are a key indicator of labor market conditions, productivity, and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Changes in average weekly hours can signal shifts in labor demand and inform decisions around employment, wages, and broader economic policy.
Q: Are there update delays or limitations?
A: The Annual series is published monthly with a typical 1-2 month lag, and the data may be subject to periodic revisions.
Related Trends
Ease of doing business index for Puerto Rico
ICBUSEASEXQPRI
Population, Total for Puerto Rico
POPTOTPRA647NWDB
All Employees: Total Nonfarm in Puerto Rico
SMS72000000000000001
All Employees: Professional and Business Services: Administrative and Support Services in Puerto Rico
SMU72000006056100001SA
All Employees: Leisure and Hospitality: Food Services and Drinking Places in Puerto Rico
SMU72000007072200001
All Employees: Government: Federal Government in Puerto Rico
SMS72000009091000001
Citation
U.S. Federal Reserve, Annual (SMU72000000500000003A), retrieved from FRED.