Hours Worked for Information: Data Processing, Hosting, and Related Services (NAICS 5182) in the United States
IPUJN5182L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.99
Year-over-Year Change
87.35%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the data processing, hosting, and related services industry (NAICS 5182) in the United States. It provides insights into the labor dynamics of this critical technology-driven 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: Data Processing, Hosting, and Related Services (NAICS 5182) in the United States metric tracks the total number of hours worked by employees in this industry. It serves as an important indicator of activity and productivity in this technology-focused segment of the economy.
Methodology
The data is collected through surveys of businesses in the data processing, hosting, and related services industry.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health and growth of the technology services sector.
Key Facts
- The data processing, hosting, and related services industry is a key driver of the modern digital economy.
- Hours worked in this sector have grown steadily over the past decade, reflecting the industry's expansion.
- Monitoring this trend provides insights into the labor market dynamics of the technology services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the data processing, hosting, and related services industry (NAICS 5182) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor dynamics and productivity of a critical technology-driven sector, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the data processing, hosting, and related services industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and growth of the technology services sector, which is a key driver of the modern digital economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of government statistical surveys.
Related Trends
Labor Compensation for Information: Wired Telecommunications Carriers (NAICS 517311) in the United States
IPUJN517311L020000000
Sectoral Output Price Deflator for Information: Cable and Other Subscription Programming (NAICS 51521) in the United States
IPUJN51521T051000000
Hourly Compensation for Information: Newspaper Publishers (NAICS 511110) in the United States
IPUJN511110U121000000
Labor Compensation for Information: Cable and Other Subscription Programming (NAICS 515210) in the United States
IPUJN515210U110000000
Employment for Information: Other Telecommunications (NAICS 5179) in the United States
IPUJN5179W200000000
Output per Worker for Information: Cable and Other Subscription Programming (NAICS 51521) in the United States
IPUJN51521W001000000
Citation
U.S. Federal Reserve, Hours Worked for Information: Data Processing, Hosting, and Related Services (NAICS 5182) in the United States (IPUJN5182L010000000), retrieved from FRED.