Employment for Administrative and Support and Waste Management and Remediation Services: Office Administrative Services (NAICS 5611) in the United States
IPUPN5611W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.29
Year-over-Year Change
47.12%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the Office Administrative Services industry, a key component of the broader Administrative and Support Services sector in the United States. It provides insight into the health and labor dynamics of this important business services 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 Office Administrative Services employment trend tracks the number of people employed in firms that provide a range of day-to-day administrative support activities, such as billing, record-keeping, and other clerical duties. This data offers economists and policymakers a window into the performance and staffing levels of a vital part of the U.S. services economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This trend is closely monitored by analysts and policymakers to assess overall business activity and labor market conditions.
Key Facts
- Employment in Office Administrative Services accounts for over 1 million U.S. jobs.
- This industry has seen steady growth in recent decades as businesses outsource more administrative functions.
- Trends in Office Administrative Services employment are closely tied to the broader health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment levels in the Office Administrative Services industry, which provides administrative support functions for businesses and organizations.
Q: Why is this trend relevant for users or analysts?
A: Trends in Office Administrative Services employment offer valuable insights into the overall health and labor dynamics of the business services sector, which is a crucial part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this trend to assess broader business activity and labor market conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, providing timely but not real-time information.
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Citation
U.S. Federal Reserve, Employment for Administrative and Support and Waste Management and Remediation Services: Office Administrative Services (NAICS 5611) in the United States (IPUPN5611W010000000), retrieved from FRED.