United States Average Weekly Hours

Country:
United States
USD, US dollar
Sector:
Labor
Low 35.0 34.8
34.9
Last release Importance Actual Forecast
Previous
34.8
35.0
Next release Actual Forecast
Previous
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The Average Weekly Hours indicator shows the average number of working hours per week for those employed in private non-agricultural US companies.

The indicator calculation only includes individuals employed in the commercial sector of the economy. The calculation is based on a survey of approximately 147,000 companies, which provide around 634,000 jobs across the United States.

Figures are seasonally adjusted to mitigate technical volatility, which is not connected with the economic situation changes.

The calculation takes into account all branches of the production sector and the services sector, including extraction and processing of resources, construction, light and heavy industry (production of durable and non-durable goods is accounted separately), information, financial, educational services, health care, trade, transportation, etc.

The indicator is used to assess the state of the US labor market. It is used in the evaluation of short-term changes in labor force demand and the intensity of production. An increase in Average Weekly Hours is not a separately interpreted indicator. It is evaluated along with the average hourly earnings. Growth of both indicators may indicate a growth in inflation, and can therefore affects dollar quotes positively. If the working hours are reduced and the average wages decreases, this is a disturbing sign for the national economy.

Last values:

actual data

forecast

The chart of the entire available history of the "United States Average Weekly Hours" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Apr 2021
35.0
34.8
34.9
Mar 2021
34.9
34.8
34.6
Feb 2021
34.6
34.9
34.9
Jan 2021
35.0
34.9
34.7
Dec 2020
34.7
34.8
34.8
Nov 2020
34.8
34.7
34.8
Oct 2020
34.8
34.7
34.8
Sep 2020
34.7
34.6
34.6
Aug 2020
34.6
34.5
34.5
Jul 2020
34.5
34.4
34.6
Jun 2020
34.5
34.4
34.7
May 2020
34.7
34.3
34.2
Apr 2020
34.2
34.3
34.1
Mar 2020
34.2
34.3
34.4
Feb 2020
34.4
34.3
34.3
Jan 2020
34.3
34.3
34.3
Dec 2019
34.3
34.4
34.3
Nov 2019
34.4
34.4
34.4
Oct 2019
34.4
34.4
34.4
Sep 2019
34.4
34.4
34.4
Aug 2019
34.4
34.4
34.3
Jul 2019
34.3
34.4
34.4
Jun 2019
34.4
34.4
34.4
May 2019
34.4
34.4
34.4
Apr 2019
34.4
34.5
34.5
Mar 2019
34.5
34.5
34.4
Feb 2019
34.4
34.5
34.5
Jan 2019
34.5
34.5
34.5
Dec 2018
34.5
34.5
34.4
Nov 2018
34.4
34.5
34.5
Oct 2018
34.5
34.5
34.4
Sep 2018
34.5
34.5
34.5
Aug 2018
34.5
34.5
34.5
Jul 2018
34.5
34.5
34.6
Jun 2018
34.5
34.5
34.5
May 2018
34.5
34.5
34.5
Apr 2018
34.5
34.4
34.5
Mar 2018
34.5
34.4
34.5
Feb 2018
34.5
34.4
34.4
Jan 2018
34.3
34.5
34.5
Dec 2017
34.5
34.5
34.5
Nov 2017
34.5
34.5
34.4
Oct 2017
34.4
34.5
34.4
Sep 2017
34.4
34.5
34.4
Aug 2017
34.4
34.4
34.5
Jul 2017
34.5
34.4
34.5
Jun 2017
34.5
34.4
34.4
May 2017
34.4
34.4
34.4
Apr 2017
34.4
34.4
34.3
Mar 2017
34.3
34.3

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