Monthly, Seasonally Adjusted
SMU72000003231100006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.80
Year-over-Year Change
-7.94%
Date Range
1/1/2001 - 12/1/2017
Summary
The Monthly, Seasonally Adjusted series measures the average weekly hours worked in the Retail Trade sector in the United States. This metric is a key indicator of economic activity and labor market conditions.
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 Monthly, Seasonally Adjusted series tracks the average number of hours per week that employees in the Retail Trade industry work. It provides insights into the overall health of the retail sector and consumer demand.
Methodology
The data is collected through surveys of businesses and establishments in the Retail Trade industry.
Historical Context
This metric is closely monitored by economists, policymakers, and market analysts to assess the strength of the U.S. economy.
Key Facts
- Retail Trade accounts for over 10% of U.S. GDP.
- Average weekly hours in Retail Trade have ranged from 30 to 34 over the past decade.
- Seasonal adjustments help identify underlying trends in the data.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series measures the average weekly hours worked by employees in the Retail Trade sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health of the retail industry and consumer demand, which are important indicators of the broader U.S. economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the Retail Trade industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the strength of the labor market and consumer activity, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical delay of several weeks from the end of the reference period.
Related Trends
Average Weekly Hours of All Employees: Total Private in Puerto Rico
SMU72000000500000002A
All Employees: Manufacturing: Non-Durable Goods in Puerto Rico
SMU72000003200000001A
Average Weekly Earnings of All Employees: Total Private in Puerto Rico
SMU72000000500000011A
All Employees: Professional, Scientific, and Technical Services in Puerto Rico
SMU72000006054000001A
All Employees: Trade, Transportation, and Utilities in Puerto Rico
SMU72000004000000001
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Puerto Rico
SMU72000004142300001SA
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000003231100006SA), retrieved from FRED.