Hours Worked for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 561210) in the United States
IPUPN561210L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
375.73
Year-over-Year Change
33.74%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the Facilities Support Services industry (NAICS 561210) in the United States. It provides insights into the level of economic activity and labor demand in this key service 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
The Hours Worked for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 561210) series tracks the total number of hours worked by employees in establishments primarily engaged in providing a range of day-to-day operational services to support the operations of other organizations.
Methodology
The data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health of the service industry and broader economic conditions.
Key Facts
- The Facilities Support Services industry employs over 2 million workers in the U.S.
- This industry saw a sharp decline in hours worked during the COVID-19 pandemic.
- Trends in this data help predict changes in broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the Facilities Support Services industry (NAICS 561210) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of economic activity and labor demand in the Facilities Support Services industry, which is an important indicator of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this data are closely monitored by economists and policymakers to assess the health of the service industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Hours Worked for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 561210) in the United States (IPUPN561210L200000000), retrieved from FRED.