Hours Worked for Information: Wireless Telecommunications Carriers (Except Satellite) (NAICS 517312) in the United States
IPUJN517312L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.11
Year-over-Year Change
-46.38%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the wireless telecommunications carriers (except satellite) industry in the United States. It provides insights into labor demand and productivity within this critical 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: Wireless Telecommunications Carriers (Except Satellite) (NAICS 517312) in the United States metric tracks the total number of hours worked by all employees in this industry. It serves as an important indicator of labor market conditions and production capacity in the wireless telecommunications industry.
Methodology
This data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers closely monitor this trend to assess the health and growth potential of the wireless telecommunications industry.
Key Facts
- Wireless telecommunications is a $300+ billion industry in the U.S.
- Employment in this sector has grown by over 50% in the past decade.
- The U.S. leads the world in 5G network deployment and adoption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by all employees in the wireless telecommunications carriers (except satellite) industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor demand, production capacity, and productivity trends within the critical wireless telecommunications sector, which is a key driver of economic growth and technological innovation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health and growth potential of the wireless telecommunications industry, which has significant implications for technology infrastructure, innovation, and overall economic competitiveness.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 1-2 month publication lag.
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Citation
U.S. Federal Reserve, Hours Worked for Information: Wireless Telecommunications Carriers (Except Satellite) (NAICS 517312) in the United States (IPUJN517312L200000000), retrieved from FRED.