Output per Worker for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.90
Year-over-Year Change
-21.67%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures output per worker in the U.S. travel agency industry. It provides insights into productivity and efficiency within this important 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 Output per Worker for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) series tracks the inflation-adjusted output per worker in the U.S. travel agency industry. This metric helps analyze labor productivity and efficiency trends in this key economic segment.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry output and employment figures.
Historical Context
Policymakers and industry analysts use this trend to monitor competitive dynamics and inform decisions in the travel services market.
Key Facts
- Travel agencies are a major U.S. service industry.
- Productivity in this sector can impact prices and competitiveness.
- Trend data dates back to 1987.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the U.S. travel agency industry (NAICS 56151). It tracks labor productivity and efficiency in this service sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring output per worker in the travel agency industry provides insights into productivity, competitiveness, and broader economic conditions within this important service sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry output and employment figures.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to monitor productivity and competitiveness in the travel services market, which can inform decisions and regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Output per Worker for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States (IPUPN56151W001000000), retrieved from FRED.