Employment for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 561210) in the United States
IPUPN561210W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.18
Year-over-Year Change
42.17%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the facilities support services industry (NAICS 561210) within the broader administrative and support services sector in the United States. It provides insight into the labor market and economic activity in a critical support service industry.
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 facilities support services industry encompasses companies that provide a range of day-to-day operational support functions for commercial and institutional facilities. This employment metric is a key indicator of economic conditions and demand for these vital business services.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the health of the service economy and labor market.
Key Facts
- Facilities support services employ over 2 million workers in the U.S.
- Employment in this sector grew by 8% from 2018 to 2022.
- The facilities support services industry includes building maintenance, security, and logistics services.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the facilities support services industry (NAICS 561210), which provides operational support functions for commercial and institutional buildings.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is an important indicator of economic conditions and demand for vital business support services.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the service economy and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, Employment for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 561210) in the United States (IPUPN561210W010000000), retrieved from FRED.