Hours Worked for Information: Wired Telecommunications Carriers (NAICS 517311) in the United States
IPUJN517311L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
840.13
Year-over-Year Change
-26.57%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the average number of hours worked per week in the wired telecommunications carriers industry (NAICS 517311) in the United States. It provides insights into labor utilization and productivity within this key technology 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: Wired Telecommunications Carriers (NAICS 517311) in the United States series tracks the average weekly hours for production and nonsupervisory employees in this industry. It is a valuable indicator of economic activity and labor market conditions in the wired telecommunications sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of the wired telecommunications industry.
Key Facts
- This industry includes wired telecommunication carriers such as telephone, cable, and internet service providers.
- The average weekly hours for this sector have remained relatively stable over the past decade.
- Tracking this trend helps economists understand labor productivity and utilization in the technology industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production and nonsupervisory employees in the wired telecommunications carriers industry (NAICS 517311) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor utilization and productivity within the wired telecommunications sector, which is a key technology industry. It is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of this industry.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand labor market conditions and productivity in the wired telecommunications industry, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Hours Worked for Information: Wired Telecommunications Carriers (NAICS 517311) in the United States (IPUJN517311L200000000), retrieved from FRED.