Hours Worked for Information: Other Information Services (NAICS 5191) in the United States
IPUJN5191L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.33
Year-over-Year Change
102.01%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked in the information services industry, specifically in the Other Information Services (NAICS 5191) sector. It provides insights into the labor market and production activity within this key industry.
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: Other Information Services (NAICS 5191) in the United States metric tracks the average number of hours employees in this industry work per week. It serves as an important indicator of economic activity and labor market conditions within the information services sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the health and productivity of the information services industry.
Key Facts
- The information services industry employs over 2.5 million workers in the U.S.
- Average weekly hours worked in this sector have remained relatively steady since 2015.
- The industry accounts for approximately 2% of total U.S. economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by employees in the Other Information Services (NAICS 5191) industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and production activity within the information services sector, which is an important part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the health and productivity of the information services industry.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Hours Worked for Information: Other Information Services (NAICS 5191) in the United States (IPUJN5191L010000000), retrieved from FRED.