Hours Worked for Other Services (Except Public Administration): Grantmaking and Giving Services (NAICS 8132) in the United States
IPUUN8132L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
341.54
Year-over-Year Change
28.43%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the grantmaking and giving services industry, a subset of the broader other services sector in the United States. It provides insight into the labor inputs for a key component of the nonprofit and philanthropic economy.
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 in grantmaking and giving services, a North American Industry Classification System (NAICS) category 8132, represents the labor utilization for organizations that primarily engage in grant-making or charitable activities. This data point helps analysts understand the scale and trends within the nonprofit sector.
Methodology
The data is collected through business surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This measure is used by economists and policymakers to track the health and activity of the nonprofit and charitable giving segment of the U.S. economy.
Key Facts
- The grantmaking and giving services industry is a key part of the U.S. nonprofit sector.
- Hours worked in this industry provide a measure of labor input and economic activity.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the hours worked in the grantmaking and giving services industry, a subset of the other services sector in the United States. It provides insight into the labor inputs for organizations engaged in charitable and philanthropic activities.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the scale and trends within the U.S. nonprofit sector, which is an important part of the economy. It helps economists and policymakers track the health and activity of charitable giving and grant-making organizations.
Q: How is this data collected or calculated?
A: The data is collected through business surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This measure is used by economists and policymakers to track the health and activity of the nonprofit and charitable giving segment of the U.S. economy, which informs decisions around economic and social policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Grantmaking and Giving Services (NAICS 8132) in the United States (IPUUN8132L200000000), retrieved from FRED.