Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.17
Year-over-Year Change
79.55%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for the travel agencies industry (NAICS 561510) in the United States. It provides insights into wage and productivity dynamics in this 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 Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States metric tracks total employee compensation, including wages and benefits, for the travel agency industry. This data point is used by economists and policymakers to analyze labor market conditions and productivity in the service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on establishment surveys.
Historical Context
This trend informs analyses of employment, consumer demand, and economic policies impacting the travel industry.
Key Facts
- Travel agencies are a major employer in the service sector.
- Compensation trends reflect productivity and cost dynamics for this industry.
- The data is published quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation, including wages and benefits, for employees in the travel agencies industry (NAICS 561510) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions, productivity, and cost dynamics within the travel services sector, which is an important part of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on establishment surveys.
Q: How is this trend used in economic policy?
A: This trend informs analyses of employment, consumer demand, and economic policies impacting the travel industry.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Labor Statistics with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States (IPUPN561510U110000000), retrieved from FRED.