Employment for Information: Data Processing, Hosting, and Related Services (NAICS 518) in the United States
IPUJN518W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
504.00
Year-over-Year Change
91.05%
Date Range
1/1/1987 - 1/1/2024
Summary
This data series tracks employment in the information sector's data processing, hosting, and related services industry (NAICS 518) in the United States. It provides insights into the size and trends of this key technology-driven economic segment.
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: Data Processing, Hosting, and Related Services (NAICS 518) in the United States data series measures the number of people employed in this industry over time. It offers a window into the evolving labor market and production capacity of this technology-driven component of the information 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 employment trend is used by economists, policymakers, and industry analysts to assess the health and growth of the digital infrastructure and services sector.
Key Facts
- Data processing and hosting services employ over 500,000 workers in the U.S.
- Employment in this sector has grown by over 20% in the past decade.
- The industry accounts for a significant portion of the information sector's economic output.
FAQs
Q: What does this economic trend measure?
A: This data series tracks employment levels in the data processing, hosting, and related services industry, which is a key component of the broader information sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the size and growth of a critical technology-driven industry, offering important context for economists, policymakers, and industry stakeholders.
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: This employment data is used by economists and policymakers to assess the health and growth of the digital infrastructure and services sector, which is a key driver of economic productivity and innovation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Employment for Information: Data Processing, Hosting, and Related Services (NAICS 518) in the United States (IPUJN518W200000000), retrieved from FRED.