Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Collection (NAICS 5621) in the United States
IPUPN5621L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.90
Year-over-Year Change
49.65%
Date Range
1/1/1987 - 1/1/2024
Summary
This trend measures the total hours worked in the U.S. waste collection industry, a key indicator of economic activity and labor demand in the environmental services 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 Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Collection (NAICS 5621) tracks the total number of labor hours worked by employees in the waste collection industry. This data provides insight into the level of economic output and labor market conditions within the waste management sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to monitor production, labor, and environmental trends in the waste management industry.
Key Facts
- Waste collection is a critical service that supports communities and the broader economy.
- The waste management industry employs over 1 million workers in the U.S.
- Hours worked data helps track productivity and labor demand in the waste sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of labor hours worked by employees in the U.S. waste collection industry (NAICS 5621).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into economic activity, labor demand, and productivity within the waste management sector, which is an important part of the U.S. economy and environment.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor trends in the waste management industry, which has implications for environmental regulations, infrastructure investment, and labor market conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Collection (NAICS 5621) in the United States (IPUPN5621L010000000), retrieved from FRED.