Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Treatment and Disposal (NAICS 56221) in the United States
IPUPN56221L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.51
Year-over-Year Change
18.44%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the average hours worked per worker in the waste treatment and disposal industry in the United States. It provides insights into labor utilization and productivity in this important waste management 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: Waste Treatment and Disposal (NAICS 56221) in the United States series tracks the average number of hours worked per employee in the waste treatment and disposal industry. This data point is a key indicator of labor utilization and productivity trends within this waste management subsector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this metric to evaluate the efficiency and labor market dynamics of the waste treatment and disposal industry.
Key Facts
- The waste treatment and disposal industry employs over 400,000 workers in the U.S.
- Average weekly hours peaked at 40.4 in 2019 before declining during the COVID-19 pandemic.
- The industry has seen steady productivity gains over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per employee in the waste treatment and disposal industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and productivity trends within the waste management sector, which is an important part of the economy.
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: Policymakers and industry analysts use this metric to evaluate the efficiency and labor market dynamics of the waste treatment and disposal industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Treatment and Disposal (NAICS 56221) in the United States (IPUPN56221L010000000), retrieved from FRED.