Employment for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.85
Year-over-Year Change
1.00%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the travel agency industry within the broader administrative and support services sector in the United States. It provides insights into the labor market dynamics of a key 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 Employment for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States series tracks the number of jobs in the travel agency industry. This metric serves as an indicator of economic activity and consumer demand for travel-related services.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the health and outlook of the travel and tourism sector.
Key Facts
- Travel agencies account for over 250,000 jobs in the U.S.
- Employment in the travel agency industry has declined by 20% since 2019.
- The COVID-19 pandemic had a significant negative impact on travel-related employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the travel agency industry (NAICS 561510) within the broader administrative and support services sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market dynamics of the travel and tourism industry, which is an important component of the service sector and the broader economy.
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: This trend is used by economists, policymakers, and industry analysts to monitor the health and outlook of the travel and tourism sector, which has significant implications for economic growth and consumer spending.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have a delay of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Employment for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States (IPUPN561510W010000000), retrieved from FRED.