Employment for Administrative and Support and Waste Management and Remediation Services: Waste Collection (NAICS 5621) in the United States
Thousands of Jobs
IPUPN5621W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.40
Year-over-Year Change
41.16%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' economic trend measures the total employment level in the U.S. private non-farm sector. This metric is a key indicator of overall economic health and labor market conditions.
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 'Thousands of Jobs' data series tracks the total number of employees on non-farm payrolls in the United States. It is a widely followed economic indicator that provides insight into the strength and growth of the U.S. job market.
Methodology
The data is collected through monthly surveys of U.S. businesses and government agencies.
Historical Context
Policymakers and analysts closely monitor this metric to assess the state of the economy and inform economic and monetary policies.
Key Facts
- The U.S. economy added over 200,000 jobs in the last month.
- The unemployment rate is currently at a multi-decade low.
- Private sector employment makes up over 80% of total U.S. jobs.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total number of employees on non-farm payrolls in the United States. It provides a broad indicator of employment levels in the private sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health of the U.S. economy and labor market. It is closely watched by policymakers, economists, and investors to assess economic conditions and inform decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this employment data to evaluate the strength of the economy and inform monetary and fiscal policies aimed at promoting sustainable economic growth and low unemployment.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released monthly with a slight delay, typically 1-2 weeks after the end of the reference period. There may be minor revisions to historical data as more complete information becomes available.
Related Trends
Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151U110000000
Employment for Administrative and Support and Waste Management and Remediation Services: Office Administrative Services (NAICS 561110) in the United States
IPUPN561110W010000000
Unit Labor Costs for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615U100000000
Employment for Administrative and Support and Waste Management and Remediation Services: Business Support Services (NAICS 5614) in the United States
IPUPN5614W200000000
Employment for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 561210) in the United States
IPUPN561210W010000000
Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131U120000000
Citation
U.S. Federal Reserve, Thousands of Jobs (IPUPN5621W200000000), retrieved from FRED.