Hours Worked for Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States
IPUQN6111L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,898.05
Year-over-Year Change
33.83%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly hours worked in the educational services industry, specifically focusing on elementary and secondary schools (NAICS 6111) in the United States. It provides insights into the labor dynamics of the education 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 Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States is an important indicator that tracks the total number of hours worked by employees in this industry. It serves as a proxy for the level of activity and staffing within the elementary and secondary education system.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is closely monitored by policymakers, education administrators, and labor market analysts to understand the workforce dynamics in the education sector.
Key Facts
- The education sector accounts for approximately 13% of total U.S. employment.
- Hours worked in the education industry typically peak during the academic school year.
- The COVID-19 pandemic led to significant disruptions in hours worked in the education sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the educational services industry, specifically focusing on elementary and secondary schools (NAICS 6111) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor dynamics of the education sector, which is a significant component of the U.S. economy. It helps policymakers, education administrators, and labor market analysts understand workforce trends and staffing levels in the elementary and secondary education system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, education administrators, and labor market analysts to understand the workforce dynamics in the education sector, which can inform policy decisions related to funding, staffing, and educational outcomes.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Labor Statistics, and there may be occasional delays in the availability of the most recent figures.
Related Trends
Hours Worked for Educational Services: Business, Computer, and Management Training (NAICS 6114) in the United States
IPUQN6114L200000000
Hours Worked for Educational Services: Technical and Trade Schools (NAICS 61151) in the United States
IPUQN61151L201000000
Employment for Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States
IPUQN6111W200000000
Hours Worked for Educational Services: Junior Colleges (NAICS 61121) in the United States
IPUQN61121L010000000
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Employment for Educational Services: Educational Support Services (NAICS 61171) in the United States
IPUQN61171W200000000
Citation
U.S. Federal Reserve, Hours Worked for Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States (IPUQN6111L200000000), retrieved from FRED.