Employment for Other Services (Except Public Administration): Grantmaking and Giving Services (NAICS 81321) in the United States
IPUUN81321W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.71
Year-over-Year Change
21.83%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend tracks employment in the grantmaking and giving services industry, a subset of the broader 'other services' sector in the United States. It provides insights into the labor dynamics of a key component of the nonprofit and philanthropic landscape.
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 'Employment for Other Services (Except Public Administration): Grantmaking and Giving Services (NAICS 81321)' series measures the number of people employed in establishments primarily engaged in grantmaking and giving services, such as foundations, charitable trusts, and other nonprofit organizations. This data point is useful for analyzing trends in the nonprofit and philanthropic sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample survey of businesses and government agencies.
Historical Context
Policymakers and market analysts closely monitor this employment trend to gauge the health and activity of the nonprofit and philanthropic sectors.
Key Facts
- Grantmaking and giving services are a subset of the 'other services' industry.
- The nonprofit sector accounts for over 10% of U.S. employment.
- Trends in this data series can signal changes in philanthropic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in establishments primarily engaged in grantmaking and giving services, such as foundations, charitable trusts, and other nonprofit organizations.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor dynamics of the nonprofit and philanthropic sectors, which are important components of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this employment trend to gauge the health and activity of the nonprofit and philanthropic sectors, which play a significant role in the U.S. economy.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and potential revisions of the Current Employment Statistics survey.
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Citation
U.S. Federal Reserve, Employment for Other Services (Except Public Administration): Grantmaking and Giving Services (NAICS 81321) in the United States (IPUUN81321W010000000), retrieved from FRED.