Employment for Management of Companies and Enterprises (NAICS 551) in the United States
IPUON551W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,617.10
Year-over-Year Change
24.96%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the management of companies and enterprises sector (NAICS 551) in the United States. It provides valuable insights into the health and dynamics of this critical component of the American economy.
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 data for the management of companies and enterprises industry represents the number of workers in establishments primarily engaged in managing companies and enterprises, as classified under the North American Industry Classification System (NAICS). This metric is closely watched by economists and policymakers as an indicator of business and economic activity.
Methodology
The data is collected and published by the U.S. Bureau of Labor Statistics as part of its Current Employment Statistics survey.
Historical Context
This employment trend is used to assess the performance and outlook of the management services sector, which plays a crucial role in the broader U.S. economy.
Key Facts
- The management of companies and enterprises sector employed over 3.5 million workers in the U.S. as of 2022.
- Employment in this sector has grown by over 20% since the end of the Great Recession in 2009.
- The management of companies and enterprises industry is a key part of the broader professional and business services sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels in the management of companies and enterprises sector (NAICS 551) in the United States. It provides insights into the staffing and labor dynamics of this important industry.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is closely watched by economists and policymakers as an indicator of business activity and economic health. It offers valuable insights into the performance and outlook of the management services sector, which plays a crucial role in the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Labor Statistics as part of its Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This employment trend is used by government agencies, central banks, and other economic analysts to assess the performance and outlook of the management services sector, which is an important indicator of overall business and economic activity.
Q: Are there update delays or limitations?
A: The employment data for the management of companies and enterprises sector is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around one month.
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Hours Worked for Management of Companies and Enterprises (NAICS 551) in the United States
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Hours Worked for Management of Companies and Enterprises (NAICS 55111) in the United States
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Citation
U.S. Federal Reserve, Employment for Management of Companies and Enterprises (NAICS 551) in the United States (IPUON551W200000000), retrieved from FRED.