Hours Worked for Information: Wired and Wireless Telecommunications Carriers (NAICS 51731) in the United States
IPUJN51731L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.30
Year-over-Year Change
-30.48%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked in the information industry, specifically for wired and wireless telecommunications carriers in the United States. It provides insights into labor market dynamics 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: Wired and Wireless Telecommunications Carriers (NAICS 51731)' metric tracks the average number of hours worked per week by employees in the telecommunications industry. This data point is closely monitored by economists and policymakers to understand workforce trends and gauge economic activity within this key infrastructure industry.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Historical Context
The hours worked trend is used to assess labor market conditions and productivity in the telecommunications sector, which has broad implications for broader economic and technological developments.
Key Facts
- The telecommunications industry is a major employer in the U.S.
- Average weekly hours provide insight into labor utilization and productivity.
- This metric can signal changes in economic conditions and technological trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by employees in the wired and wireless telecommunications industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market dynamics and productivity within the critical telecommunications sector, which has broad implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: This hours worked trend is used by economists and policymakers to assess labor market conditions and productivity in the telecommunications industry, which has significant implications for economic and technological developments.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve with minimal delays, providing timely insights into this important economic sector.
Related Trends
Hours Worked for Information: Wired Telecommunications Carriers (NAICS 517311) in the United States
IPUJN517311L010000000
Employment for Information: Software Publishers (NAICS 5112) in the United States
IPUJN5112W200000000
Unit Labor Costs for Information: Software Publishers (NAICS 51121) in the United States
IPUJN51121U100000000
Unit Labor Costs for Information: Radio and Television Broadcasting (NAICS 5151) in the United States
IPUJN5151U100000000
Sectoral Output Price Deflator for Information: Wireless Telecommunications Carriers (Except Satellite) (NAICS 517312) in the United States
IPUJN517312T051000000
Unit Labor Costs for Information: Newspaper Publishers (NAICS 511110) in the United States
IPUJN511110U100000000
Citation
U.S. Federal Reserve, Hours Worked for Information: Wired and Wireless Telecommunications Carriers (NAICS 51731) in the United States (IPUJN51731L010000000), retrieved from FRED.