Hours Worked for Management of Companies and Enterprises (NAICS 5511) in the United States
IPUON5511L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.98
Year-over-Year Change
24.13%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Hours Worked for Management of Companies and Enterprises (NAICS 5511) in the United States' series measures the total number of hours worked in the management of companies and enterprises industry. This trend provides insight into productivity and labor demand within this important economic sector.
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
This series tracks total hours worked in the North American Industry Classification System (NAICS) industry 5511, which covers establishments that hold the securities of companies and enterprises or administer, oversee, and manage other establishments of the company or enterprise. It serves as a leading indicator of economic activity and labor market trends in this crucial industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to assess the health and trajectory of the management and administrative sectors.
Key Facts
- The management of companies and enterprises industry accounts for over 2.5 million jobs in the U.S.
- Hours worked in this sector have increased by 10% over the past decade.
- This industry represents about 1.5% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of hours worked in the management of companies and enterprises industry (NAICS 5511) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into productivity, labor demand, and economic activity within a crucial administrative and managerial sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This series is closely monitored by economists, policymakers, and industry analysts to assess the health and trajectory of the management and administrative sectors.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag from the reference period.
Related Trends
Hours Worked for Management of Companies and Enterprises (NAICS 551) in the United States
IPUON551L200000000
Employment for Management of Companies and Enterprises (NAICS 55) in the United States
IPUON55W010000000
Employment for Management of Companies and Enterprises (NAICS 551) in the United States
IPUON551W200000000
Hours Worked for Management of Companies and Enterprises (NAICS 55) in the United States
IPUON55L201000000
Hours Worked for Management of Companies and Enterprises (NAICS 55111) in the United States
IPUON55111L201000000
Employment for Management of Companies and Enterprises (NAICS 5511) in the United States
IPUON5511W201000000
Citation
U.S. Federal Reserve, Hours Worked for Management of Companies and Enterprises (NAICS 5511) in the United States (IPUON5511L010000000), retrieved from FRED.