Hours Worked for Information: Radio Broadcasting (NAICS 51511) in the United States
IPUJN51511L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.33
Year-over-Year Change
-24.40%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hours Worked for Information: Radio Broadcasting (NAICS 51511) series measures the monthly change in total hours worked by production and nonsupervisory employees in the U.S. radio broadcasting industry. This metric provides insight into labor utilization and productivity trends within this key media 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 Information: Radio Broadcasting (NAICS 51511) series tracks the total number of hours worked by production and nonsupervisory employees in the U.S. radio broadcasting industry. This measure is used by economists and industry analysts to gauge labor input, capacity utilization, and productivity trends in the radio broadcasting sector.
Methodology
The data is collected through monthly surveys of private, nonfarm businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market participants monitor this series to assess the overall health and performance of the radio broadcasting industry.
Key Facts
- Radio broadcasting employs over 100,000 workers in the U.S.
- The radio industry generates over $20 billion in annual revenue.
- Hours worked data helps track labor utilization in this media sector.
FAQs
Q: What does this economic trend measure?
A: The Hours Worked for Information: Radio Broadcasting (NAICS 51511) series measures the total number of hours worked by production and nonsupervisory employees in the U.S. radio broadcasting industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor utilization, capacity, and productivity trends within the radio broadcasting sector, which is a key part of the broader media and entertainment industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private, nonfarm businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market participants monitor this series to assess the overall health and performance of the radio broadcasting industry, which informs decisions related to regulation, investment, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is subject to typical government survey publication lags, with a delay of several weeks between the reference period and public release.
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Citation
U.S. Federal Reserve, Hours Worked for Information: Radio Broadcasting (NAICS 51511) in the United States (IPUJN51511L010000000), retrieved from FRED.