Employment for Administrative and Support and Waste Management and Remediation Services: Other Support Services (NAICS 5619) in the United States

IPUPN5619W010000000 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

104.72

Year-over-Year Change

16.10%

Date Range

1/1/1987 - 1/1/2024

Summary

This economic trend measures employment in the Other Support Services industry (NAICS 5619) within the broader Administrative and Support and Waste Management and Remediation Services sector in the United States. It is an important indicator of activity and labor demand in this service-oriented segment of the economy.

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 Other Support Services industry (NAICS 5619) includes establishments that provide a variety of day-to-day support activities for the operations of other organizations. This metric tracks employment levels in this service-providing sector, which can offer insights into broader economic conditions and business operations.

Methodology

The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.

Historical Context

This employment trend is monitored by economists, policymakers, and industry analysts to gauge the health and trajectory of this service-oriented segment of the U.S. economy.

Key Facts

  • The Other Support Services industry accounts for over 2 million U.S. jobs.
  • Employment in this sector grew by 3.5% in 2022.
  • The largest occupations in NAICS 5619 are office clerks and customer service representatives.

FAQs

Q: What does this economic trend measure?

A: This trend measures employment levels in the Other Support Services industry (NAICS 5619), which includes establishments that provide a variety of day-to-day support activities for the operations of other organizations.

Q: Why is this trend relevant for users or analysts?

A: This employment metric offers insights into the health and direction of a service-oriented segment of the U.S. economy, which is monitored by economists, policymakers, and industry analysts.

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 employment trend is used by economists and policymakers to gauge the overall strength of the service sector and administrative support industries, which can inform economic and labor market policies.

Q: Are there update delays or limitations?

A: There may be a 1-2 month delay in the availability of the most recent data due to the survey-based collection process.

Related Trends

Citation

U.S. Federal Reserve, Employment for Administrative and Support and Waste Management and Remediation Services: Other Support Services (NAICS 5619) in the United States (IPUPN5619W010000000), retrieved from FRED.