Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.00
Year-over-Year Change
-158.82%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures labor compensation for employment placement agencies and executive search services in the U.S. It provides insights into wages and benefits for this segment of the administrative and support services 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 labor compensation series tracks total payroll costs, including wages, salaries, and benefits, for establishments primarily engaged in employment placement services and executive search services. It offers valuable data on labor market dynamics and employment costs within this specialized service sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor labor market conditions and compensation trends in the employment services industry.
Key Facts
- The series covers NAICS industry 56131, employment placement agencies and executive search services.
- Compensation includes wages, salaries, and benefits paid to employees in this sector.
- Data is released quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation, including wages, salaries, and benefits, for establishments primarily engaged in employment placement services and executive search services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into labor market dynamics and employment costs within the specialized employment services industry, which is important for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor labor market conditions and compensation trends in the employment services industry, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, so there may be a short delay between the reference period and the public release of the data.
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Citation
U.S. Federal Reserve, Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States (IPUPN56131L021000000), retrieved from FRED.