Hours Worked for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States
IPUCN2211L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
839.75
Year-over-Year Change
4.88%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the electric power generation, transmission, and distribution industry within the United States. It provides insights into the level of activity and workforce utilization in this vital energy 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 Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States is a key indicator for understanding the operational dynamics and labor inputs of the electric power industry. It is used by economists and policymakers to assess production capacity, workforce trends, and industry-specific labor market conditions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the electric power generation, transmission, and distribution industry.
Historical Context
This metric is relevant for monitoring the health and productivity of the electric power sector, which is critical for broader economic and infrastructure analysis.
Key Facts
- The electric power industry accounts for over 400,000 jobs in the United States.
- Hours worked in this sector declined by 6% during the COVID-19 pandemic in 2020.
- The electric power industry is a major contributor to the U.S. gross domestic product (GDP).
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked in the electric power generation, transmission, and distribution industry within the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of activity and workforce utilization in the vital electric power sector, which is critical for broader economic and infrastructure analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the electric power generation, transmission, and distribution industry.
Q: How is this trend used in economic policy?
A: This trend is relevant for monitoring the health and productivity of the electric power sector, which is important for policymakers and economists analyzing energy infrastructure, workforce, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to typical government statistical reporting lags, but generally provides a timely and reliable indicator of workforce trends in the electric power industry.
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Citation
U.S. Federal Reserve, Hours Worked for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States (IPUCN2211L200000000), retrieved from FRED.