Hours Worked for Management of Companies and Enterprises (NAICS 551) in the United States
IPUON551L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,816.21
Year-over-Year Change
24.14%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked in the management of companies and enterprises sector in the United States. It provides insights into productivity and labor market conditions in this important 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 Management of Companies and Enterprises (NAICS 551) in the United States tracks the average weekly hours for employees in this subsector, which includes establishments that hold the securities of companies and enterprises for the purpose of owning a controlling interest or influencing management decisions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists and policymakers as an indicator of labor market and economic conditions.
Key Facts
- Average weekly hours in NAICS 551 sector.
- Indicator of labor productivity and economic conditions.
- Data collected through U.S. Bureau of Labor Statistics surveys.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by employees in the management of companies and enterprises sector (NAICS 551) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity, utilization, and overall economic conditions in this important industry sector.
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: This trend is closely monitored by economists and policymakers as an indicator of labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with typical lags, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Hours Worked for Management of Companies and Enterprises (NAICS 551) in the United States (IPUON551L200000000), retrieved from FRED.