Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.79
Year-over-Year Change
44.61%
Date Range
1/1/1994 - 1/1/2024
Summary
This economic trend measures hourly compensation for administrative and support and waste management and remediation services, specifically focused on employment placement agencies and executive search services in the United States.
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 hourly compensation series provides insights into labor costs and productivity trends within this critical industry, which facilitates job matching and workforce development. It is a key indicator for economists and policymakers analyzing the state of the labor market.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic and workforce policies, as well as investment decisions in the staffing and recruitment industry.
Key Facts
- Hourly compensation includes wages and benefits.
- The series covers a key industry facilitating job matching.
- Data is collected through employer surveys by the BLS.
FAQs
Q: What does this economic trend measure?
A: This trend measures hourly compensation, including wages and benefits, for the employment placement agencies and executive search services industry (NAICS 56131) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor costs and productivity in a critical industry that facilitates job matching and workforce development, making it relevant for economists and policymakers analyzing the state of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and workforce policies, as well as investment decisions in the staffing and recruitment industry.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in coverage or representativeness of the survey sample.
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Citation
U.S. Federal Reserve, Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States (IPUPN56131U120000000), retrieved from FRED.