Labor Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.79
Year-over-Year Change
38.63%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for funeral homes and funeral services in the United States. It provides insight into wage and salary trends in this specific industry.
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 Labor Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States series tracks the total compensation paid to employees in the funeral services industry, including wages, salaries, and benefits.
Methodology
The data is collected through surveys of businesses in the funeral services industry.
Historical Context
This trend is used by economists and policymakers to understand labor market conditions and compensation trends in the funeral services sector.
Key Facts
- Funeral homes and funeral services are part of the Other Services (Except Public Administration) industry.
- This trend tracks total compensation, including wages, salaries, and benefits.
- The data is collected through surveys of businesses in the funeral services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages, salaries, and benefits, paid to 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 labor market conditions and compensation trends in the funeral services sector, which is useful for economists and policymakers analyzing the overall economy.
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 is used by economists and policymakers to understand labor market conditions and compensation trends in the funeral services sector, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations inherent in survey-based economic indicators.
Related Trends
Employment for Other Services (Except Public Administration): Death Care Services (NAICS 8122) in the United States
IPUUN8122W200000000
Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210L200000000
Hours Worked for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
IPUUN8121L201000000
Employment for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232W010000000
Hours Worked for Other Services (Except Public Administration): Religious Organizations (NAICS 813110) in the United States
IPUUN813110L201000000
Sectoral Output Price Deflator for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
IPUUN8121T051000000
Citation
U.S. Federal Reserve, Labor Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States (IPUUN81221U110000000), retrieved from FRED.