Hours Worked for Educational Services: Business, Computer, and Management Training (NAICS 6114) in the United States
IPUQN6114L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.22
Year-over-Year Change
19.40%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the educational services industry, specifically in business, computer, and management training. It provides insight into the activity and labor demand within this important educational 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: Business, Computer, and Management Training (NAICS 6114) in the United States metric tracks the total number of hours worked by employees in this educational subsector. It serves as a key indicator of the industry's productivity and the level of economic activity within this specialized training market.
Methodology
The data is collected through surveys of establishments in the educational services industry.
Historical Context
This trend is closely monitored by policymakers and economists to assess the health and growth of the education and training sector.
Key Facts
- The educational services industry accounts for over 13 million U.S. jobs.
- Business, computer, and management training represents a $78 billion market in the U.S.
- Hours worked in this sector have grown by 24% over the past decade.
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 in business, computer, and management training programs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and activity level of this important education and training sector, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments in the educational services industry.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the health and growth of the education and training sector, which has significant implications for workforce development and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
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Hours Worked for Educational Services: Junior Colleges (NAICS 6112) in the United States
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Citation
U.S. Federal Reserve, Hours Worked for Educational Services: Business, Computer, and Management Training (NAICS 6114) in the United States (IPUQN6114L200000000), retrieved from FRED.