Hours Worked for Information: Cable and Other Subscription Programming (NAICS 51521) in the United States
Millions of Hours
IPUJN51521L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.37
Year-over-Year Change
-42.24%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Millions of Hours' trend measures the total number of production and nonsupervisory hours worked across the U.S. manufacturing sector. This key economic indicator provides insights into the overall health and productivity of the manufacturing 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 'Millions of Hours' metric represents the aggregate number of hours worked by production and nonsupervisory employees in the U.S. manufacturing sector. It is a widely tracked economic indicator that can signal changes in industry output, labor market conditions, and underlying macroeconomic trends.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the state of the manufacturing economy and inform decisions around economic and labor market policies.
Key Facts
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- Manufacturing productivity has increased by over 60% since the 1980s.
- The U.S. is the world's second-largest manufacturer, behind China.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Hours' trend measures the total number of production and nonsupervisory hours worked across the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and productivity of the manufacturing industry, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the manufacturing economy and inform decisions around economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
Related Trends
Unit Labor Costs for Information: Broadcasting (Except Internet) (NAICS 515) in the United States
IPUJN515U100000000
Hours Worked for Information: Publishing Industries (Except Internet) (NAICS 511) in the United States
IPUJN511L010000000
Labor Productivity for Information: Publishing Industries (Except Internet) (NAICS 511) in the United States
IPUJN511L001000000
Real Sectoral Output for Information: Cable and Other Subscription Programming (NAICS 51521) in the United States
IPUJN51521T011000000
Hours Worked for Information: Cable and Other Subscription Programming (NAICS 515210) in the United States
IPUJN515210L010000000
Output per Worker for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States
IPUJN51213W000000000
Citation
U.S. Federal Reserve, Millions of Hours (IPUJN51521L200000000), retrieved from FRED.