Hours Worked for Other Services (Except Public Administration): Professional and Similar Organizations (NAICS 8139) in the United States
IPUUN8139L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.79
Year-over-Year Change
4.21%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the 'Other Services (Except Public Administration)' industry, specifically for Professional and Similar Organizations (NAICS 8139) in the United States. It provides insight into the labor dynamics of this important 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): Professional and Similar Organizations (NAICS 8139)' metric tracks employment activity in this diverse industry, which includes professional organizations, civic and social associations, and other similar entities. This data is a key indicator of economic health and productivity in this service-oriented segment.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess labor market conditions and make informed decisions regarding economic and workforce policies.
Key Facts
- This metric covers over 1.3 million establishments in the 'Other Services' industry.
- Professional and Similar Organizations account for over 30% of total employment in the 'Other Services' sector.
- Hours worked in this industry have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of hours worked in the 'Other Services (Except Public Administration)' industry, specifically for Professional and Similar Organizations (NAICS 8139) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor dynamics of an important service sector, helping policymakers and economists assess economic health and productivity.
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: Policymakers and economists use this metric to assess labor market conditions and make informed decisions regarding economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Professional and Similar Organizations (NAICS 8139) in the United States (IPUUN8139L010000000), retrieved from FRED.