1.Data set profile:
Who is credited as the creator and/or contributors of this data set? Who are they?
The Data set is on the trading economics page and comes from to The United States Federal Reserve. This website goes over current employment stats- such as Hours, earnings, and employment. There are no Individual creditors because it comes from an organization the website only repackages the information and post it on there website
What are the sources of their data?
The Sources come form the BLS or the Bureau of Labor Statistics which takes around 622,000 individual work sites. Most company’s are mandated to report work hours and earning data. so In other words its is easy to access this information because it is mandated by the government for organizations to report. Data is collected through web reporting.
Why did they create or compile it?
They do this to monitor employment hours and earning to track market labor conditions. STL does this specifically
How has it been used?
The site doesn’t seem to do much with the information just tracking and recording the conditions. These types of sites are used by economist and business to track labor markets and to make sure they are following the standard. I think also to Identify trends and what they can do to improve work conditions. After words I think they transfer the data to state records to track the economic cycle.
What format is the data set in?
its in a bar chart that follows each month. This info goes back 10 years at least on the website.
2. Data set Evaluation:
Take a look at the data itself. How have they structured it? What fields have they chosen? What effect might that have on how it can be used?
The data is structured by Date and average weekly hours. That’s pretty much it it is very straight forward and is minimal, but you can go back and see previous data
Read the creators’ description of the data set. Have they described the choices they made in cleaning the data, and if so, how? What effect might those choices have on the data?
The site doesn’t say much because it just shows the data and the weeks, but it does say that it follow the handbook which includes things such as
“All microdata are edited for correctness and consistency with prior months.
Strict edit tests (mandatory rules, e.g., hours ≤ 168 per week, no negative values) exclude failing data from estimation until corrected.
Non-strict and screening tests flag outliers based on percentage/level changes over 1/2/12 months (using industry-specific thresholds derived from historical variance).”
So I believe they just follow standard state and global regulations.
Consider the creators’ identities and goals in creating the data set. How might those things have shaped the data, either intentionally or inadvertently?
This website does not shape the understanding of the data for their own personal goals, It is simply used to represent data and give the public access to the data.
What would you use this data for?
If I owned a Business i would use this data to compare and contrast it to my own company and make sure we are on the right track. I would also find a way to increase the amount of hours worked in the November and December months because they have the lowers amount of hours worked each year. I also would use it to track long term trends to analyze business cycles in the area.