Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.90
Year-over-Year Change
-0.76%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the funeral homes and funeral services industry in the United States. It provides insight into the activity and labor demand within this crucial 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): Funeral Homes and Funeral Services (NAICS 812210) in the United States series tracks the total number of hours worked by employees in this industry. It serves as an indicator of output, capacity utilization, and labor market conditions within the funeral services sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the health and dynamics of the funeral services industry.
Key Facts
- The funeral services industry employs over 130,000 workers in the U.S.
- Funeral homes and services account for over $16 billion in annual revenue.
- The industry experienced a decline in hours worked during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the funeral homes and funeral services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the activity and labor demand within the funeral services sector, which is an important part of the broader service industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to monitor the health and dynamics of the funeral services industry, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Labor Statistics survey program.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States (IPUUN812210L010000000), retrieved from FRED.