All Employees: Financial Activities: Insurance Carriers and Related Activities in Puerto Rico
Annual, Not Seasonally Adjusted
SMU72000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.70
Year-over-Year Change
43.80%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average weekly hours worked in the private sector in California. It provides insights into labor market conditions and productivity 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 annual, not seasonally adjusted average weekly hours worked metric tracks the average number of hours worked per week by private sector employees in California on an annual basis, without adjusting for seasonal variations. This data point is used by economists and policymakers to analyze labor market trends and productivity in the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the strength of California's economy and labor market.
Key Facts
- California is the most populous U.S. state.
- The private sector accounts for the majority of employment in California.
- Average weekly hours worked is a key indicator of labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average number of hours worked per week by private sector employees in California.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and productivity in California, which is a key indicator of the state's economic strength.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor market trends and productivity in California, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000005552400001A), retrieved from FRED.