Hours Worked for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.20
Year-over-Year Change
-557.14%
Date Range
1/1/1988 - 1/1/2024
Summary
This trend measures the number of hours worked in the U.S. travel agency industry, providing insights into the labor dynamics and productivity of this key service sector.
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 Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) series tracks the total number of hours worked by employees in the travel agency industry. This metric is used by economists and policymakers to analyze labor market conditions and productivity trends within the broader services sector.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the Bureau of Labor Statistics.
Historical Context
This trend offers valuable context for monitoring the health and growth of the travel and tourism industry, which has important macroeconomic implications.
Key Facts
- Travel agencies employ over 300,000 workers in the U.S.
- Hours worked in the travel agency industry declined during the COVID-19 pandemic.
- The travel agency sector accounts for approximately 0.2% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the U.S. travel agency industry, classified under NAICS code 561510.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor dynamics and productivity of the travel agency sector, which is an important component of the broader services industry and a key indicator of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and compiled by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend offers valuable context for monitoring the health and growth of the travel and tourism industry, which has important macroeconomic implications for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the Bureau of Labor Statistics, though there may be occasional lags or revisions to the historical series.
Related Trends
Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172T300000000
Employment for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 561210) in the United States
IPUPN561210W010000000
Unit Labor Costs for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131U101000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Office Administrative Services (NAICS 56111) in the United States
IPUPN56111L010000000
Employment for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615W201000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Collection (NAICS 5621) in the United States
IPUPN5621L010000000
Citation
U.S. Federal Reserve, Hours Worked for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States (IPUPN561510L201000000), retrieved from FRED.