Hours Worked for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
IPUPN561720L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,120.84
Year-over-Year Change
14.71%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the janitorial services industry within the broader administrative and support services sector in the United States. It provides insights into labor demand and productivity in this key service-based industry.
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: Janitorial Services (NAICS 561720) in the United States series tracks the total number of hours worked by employees in the janitorial services industry. This data point is used by economists and policymakers to analyze labor market conditions, productivity trends, and the overall health of the service economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding the broader labor market and service sector dynamics.
Key Facts
- Janitorial services account for over 2 million jobs in the U.S.
- The industry saw a sharp decline in hours worked during the COVID-19 pandemic.
- Janitorial services are a key component of the broader administrative and support services sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the janitorial services industry, which is part of the broader administrative and support services sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding labor market conditions, productivity trends, and the overall health of the service economy in the United States.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for policymakers and analysts to monitor the service sector and make informed decisions about economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions common to economic statistics collected by government agencies.
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Citation
U.S. Federal Reserve, Hours Worked for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States (IPUPN561720L200000000), retrieved from FRED.