Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.32
Year-over-Year Change
20.73%
Date Range
1/1/1994 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States measures changes in output prices for this sector. It is a key indicator for economists and policymakers assessing productivity and inflationary pressures.
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
This index tracks changes in the prices charged for output by establishments primarily engaged in providing employment placement services and executive search services in the United States. It serves as an important tool for analyzing and forecasting business cycles, industry performance, and the overall health of the labor market.
Methodology
The data is collected through surveys of establishments and calculated using a Laspeyres formula.
Historical Context
The sectoral price deflator is used by the Federal Reserve and other policymakers to inform monetary policy decisions and evaluate economic conditions.
Key Facts
- The index uses 2012 as the base year.
- The data is published quarterly by the U.S. Federal Reserve.
- The sector accounts for approximately 1% of total U.S. economic output.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices charged for output by establishments primarily engaged in providing employment placement services and executive search services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This sectoral price deflator is an important indicator for economists and policymakers assessing productivity, labor market conditions, and inflationary pressures in the employment services industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: The sectoral price deflator is used by the Federal Reserve and other policymakers to inform monetary policy decisions and evaluate economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, with a typical release lag of approximately one month.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States (IPUPN56131T050000000), retrieved from FRED.