Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.49
Year-over-Year Change
-0.76%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the funeral homes and funeral services industry in the United States. It provides insights into the level of activity and labor demand within this specific 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) trend represents the total number of hours worked by employees in the funeral services industry in the United States. This data point is used by economists and policymakers to analyze labor market conditions and trends within the broader services sector.
Methodology
The data is collected through surveys of businesses in the funeral services industry.
Historical Context
This trend is relevant for understanding the economic performance and labor market dynamics of the funeral services industry, which can inform broader policy decisions.
Key Facts
- The funeral services industry employs over 130,000 workers in the U.S.
- Funeral homes and services account for over $20 billion in annual revenue.
- The industry has seen stable employment levels in recent years.
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 insights into the labor market dynamics and economic performance of the funeral services industry, which is an important component of the broader services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the funeral services industry.
Q: How is this trend used in economic policy?
A: This trend can inform policymakers and economists about the state of the labor market and economic conditions within the funeral services industry, which can help shape broader policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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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 (IPUUN812210L200000000), retrieved from FRED.