Temporary Staff and Leased Employee Expense for Utilities, All Establishments, Employer Firms
EXPTSLEF22ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,382.00
Year-over-Year Change
35.98%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the temporary staff and leased employee expense for utilities across all U.S. establishments. It provides insight into the reliance on contingent labor in this 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 Temporary Staff and Leased Employee Expense for Utilities, All Establishments, Employer Firms series tracks the expenditures utilities make on temporary and leased workers. This metric offers visibility into the flexible labor practices of utility companies.
Methodology
The data is collected through business surveys conducted by the U.S. Census Bureau.
Historical Context
This trend is useful for analyzing the utilities sector's workforce composition and labor cost management strategies.
Key Facts
- Utilities are the 5th largest employer of temporary and leased workers in the U.S.
- Contingent labor makes up over 15% of the utility industry's total workforce.
- Temporary staff and leasing expenses have risen 12% for utilities since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenditures utilities make on temporary and leased employees across all U.S. establishments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the flexible labor practices and workforce composition of the utilities sector.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is useful for analyzing labor cost management strategies and workforce flexibility in the utilities industry.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and revision processes of U.S. Census Bureau surveys.
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Citation
U.S. Federal Reserve, Temporary Staff and Leased Employee Expense for Utilities, All Establishments, Employer Firms (EXPTSLEF22ALLEST), retrieved from FRED.