Hours Worked for Other Services (Except Public Administration): Electronic and Precision Equipment Repair and Maintenance (NAICS 81121) in the United States
IPUUN81121L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225.92
Year-over-Year Change
-10.36%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the average number of hours worked in the electronic and precision equipment repair and maintenance industry in the United States. It provides insight into labor demand and productivity in this specialized service 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 Other Services (Except Public Administration): Electronic and Precision Equipment Repair and Maintenance (NAICS 81121) in the United States trend tracks the average hours per worker in this subsector of the economy. It is an important indicator of labor utilization and service industry output.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the health and labor dynamics of the repair and maintenance services industry.
Key Facts
- This trend covers a specialized subsector of the service industry.
- Average weekly hours provide insight into labor demand and productivity.
- Data is collected through the Current Employment Statistics (CES) survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per employee in the electronic and precision equipment repair and maintenance industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor utilization and productivity within a specialized service sector, which is useful for economists and policymakers analyzing the health of the repair and maintenance industry.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess labor dynamics and service industry output in the repair and maintenance sector, which can inform decisions related to industry regulation, workforce development, and economic stimulus.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the survey-based methodology, and the trend is limited to the specific NAICS subsector of electronic and precision equipment repair and maintenance.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Electronic and Precision Equipment Repair and Maintenance (NAICS 81121) in the United States (IPUUN81121L200000000), retrieved from FRED.