Employment for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.52
Year-over-Year Change
6.11%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the travel arrangement and reservation services industry (NAICS 5615) within the broader administrative and support services sector. It is a key indicator of activity and labor demand in the travel and tourism 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 Arrangement and Reservation Services (NAICS 5615) in the United States measures the total number of jobs in this specialized service industry. It provides insight into the health and trends of the travel and hospitality sector, which is an important component of the broader economy.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Historical Context
Policymakers and economists monitor this employment trend to assess the state of the travel and tourism industry and its broader economic implications.
Key Facts
- Travel arrangement and reservation services account for over 300,000 jobs in the U.S.
- Employment in this sector declined sharply during the COVID-19 pandemic but has been recovering.
- The travel and tourism industry is a major contributor to the U.S. economy, accounting for over 5% of GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the travel arrangement and reservation services industry (NAICS 5615), which is part of the broader administrative and support services sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and activity of the travel and tourism industry, which is an important component of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this employment trend to assess the state of the travel and tourism industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of the CES survey.
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Citation
U.S. Federal Reserve, Employment for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States (IPUPN5615W010000000), retrieved from FRED.