Employment for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-54.84%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures employment in the U.S. travel arrangement and reservation services industry, a key component of the administrative and support services sector. It provides valuable insights into the labor dynamics of this important service-oriented segment.
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 metric tracks the number of people employed in businesses that provide travel booking, reservation, and related services. This data point is a leading indicator for the broader travel and tourism industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Economists and policymakers monitor this trend to assess the health of the travel and hospitality sectors and the broader service economy.
Key Facts
- Travel arrangement and reservation services account for over 700,000 U.S. jobs.
- Employment in this sector declined sharply during the COVID-19 pandemic.
- The industry experienced a rebound in hiring as travel demand recovered in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the U.S. travel arrangement and reservation services industry, which includes businesses that provide travel booking, reservation, and related services.
Q: Why is this trend relevant for users or analysts?
A: This data point is a leading indicator for the broader travel and tourism industry, providing insights into the labor dynamics of this important service-oriented segment.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the travel and hospitality sectors and the broader service economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Bureau of Labor Statistics' Current Employment Statistics 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 (IPUPN5615W201000000), retrieved from FRED.