Employment for Administrative and Support and Waste Management and Remediation Services: Investigation and Security Services (NAICS 5616) in the United States
IPUPN5616W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,059.90
Year-over-Year Change
24.72%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the investigation and security services industry, a critical component of the administrative and support services sector in the United States. Understanding employment dynamics in this industry provides insights into overall labor market conditions and business activity.
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: Investigation and Security Services (NAICS 5616) in the United States trend tracks the number of jobs in the private investigation, security guard, and other security-related service industries. This data helps economists and policymakers assess the health and performance of this important service sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this industry can signal changes in business operations, consumer demand, and overall economic activity.
Key Facts
- This industry employs over 1 million workers in the U.S.
- Employment in investigation and security services has grown steadily since the early 2000s.
- The industry is dominated by small and medium-sized businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the investigation and security services industry, a subsector of the broader administrative and support services sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in this industry can provide insights into overall business activity, consumer demand, and labor market conditions, making it a useful indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts may use this trend to assess the health of the administrative services sector and broader economic conditions, informing decisions around employment, regulation, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Employment for Administrative and Support and Waste Management and Remediation Services: Investigation and Security Services (NAICS 5616) in the United States (IPUPN5616W200000000), retrieved from FRED.