Employment for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States
IPUJN5173W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.47
Year-over-Year Change
-28.33%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the wired and wireless telecommunications carriers industry in the United States. It provides valuable insights into the health and labor dynamics of this important 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 Employment for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States series tracks the number of workers employed in this industry, which encompasses companies that provide telecommunications services through wired and wireless networks.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by economists, policymakers, and industry analysts to gauge the performance and outlook of the telecommunications industry.
Key Facts
- The telecommunications industry employs over 800,000 workers in the U.S.
- Employment in this sector has grown by 5% over the past 5 years.
- Wireless telecommunications carriers account for the majority of industry employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment in the wired and wireless telecommunications carriers industry in the United States, classified under NAICS code 5173.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the labor dynamics and performance of the critical telecommunications sector, which is a key driver of economic growth and technology adoption.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment trend to assess the health and outlook of the telecommunications industry, which informs policy decisions related to infrastructure investment, technology regulation, and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Employment for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States (IPUJN5173W010000000), retrieved from FRED.