Employment for Administrative and Support and Waste Management and Remediation Services: Administrative and Support Services (NAICS 561) in the United States
IPUPN561W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,680.00
Year-over-Year Change
11.89%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the administrative and support services sector in the United States, which includes industries like office administration, facilities support, and waste management services. It provides insight into the health and labor demands of this important service 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 administrative and support services sector encompasses a wide range of business-to-business services that support the operations of other organizations. This employment trend is a key indicator of economic activity and labor market conditions in this vital service industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by policymakers, industry analysts, and economic forecasters to assess the strength of the service economy.
Key Facts
- The administrative and support services sector accounts for over 8 million U.S. jobs.
- Employment in this sector grew by over 15% in the last decade.
- This data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the administrative and support services sector in the United States, including industries like office administration, facilities support, and waste management services.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of economic activity and labor market conditions in the vital service industry, providing insight into the health and labor demands of this sector.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is closely watched by policymakers, industry analysts, and economic forecasters to assess the strength of the service economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Employment for Administrative and Support and Waste Management and Remediation Services: Administrative and Support Services (NAICS 561) in the United States (IPUPN561W200000000), retrieved from FRED.