Annual, Not Seasonally Adjusted
SMU72000008081300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
11.27%
Date Range
1/1/1990 - 1/1/2012
Summary
This economic trend measures the annual, not seasonally adjusted average weekly hours worked in the private sector in the Dallas-Fort Worth-Arlington, TX metropolitan area. It provides insights into local labor market conditions and can inform economic policymaking.
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 typical number of hours employees work per week in a given year without adjusting for seasonal variations. This data point helps economists and policymakers analyze labor market trends and productivity in the Dallas metropolitan region.
Methodology
The data is collected through surveys of private sector employers in the Dallas metro area by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the health and dynamics of the local labor market in the Dallas region.
Key Facts
- The Dallas metro area has a population of over 7.5 million people.
- The private sector accounts for over 80% of total employment in the Dallas region.
- Average weekly hours worked peaked at 34.9 in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average weekly hours worked in the private sector in the Dallas-Fort Worth-Arlington, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into local labor market conditions and productivity, which is useful for economists, policymakers, and market analysts assessing the health of the Dallas regional economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers in the Dallas metro area 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 monitor labor market dynamics and inform economic policies at the regional level in the Dallas metropolitan area.
Q: Are there update delays or limitations?
A: There may be update delays of several months as the data is collected and processed by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000008081300001A), retrieved from FRED.