Hours Worked for Educational Services: Educational Support Services (NAICS 61171) in the United States
IPUQN61171L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.23
Year-over-Year Change
55.63%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the educational support services industry in the United States. It provides insights into labor demand and productivity within 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: Educational Support Services (NAICS 61171)' series tracks the total number of hours worked by employees in the educational support services industry. This metric is used by economists and policymakers to analyze labor market dynamics and productivity trends within the education sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding employment conditions and workforce utilization in the education industry, which has implications for education policy and economic performance.
Key Facts
- The educational support services industry includes entities that provide administrative and auxiliary support to schools.
- Hours worked in this industry can fluctuate based on enrollment, staffing levels, and demand for educational services.
- Tracking this trend helps policymakers understand productivity and efficiency 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 support services industry (NAICS 61171) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor demand and productivity within the education sector, which is important for understanding employment conditions and informing education policy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze workforce utilization and labor market dynamics in the education industry, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any revisions made by the U.S. Bureau of Labor Statistics.
Related Trends
Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
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Employment for Educational Services: Colleges, Universities, and Professional Schools (NAICS 611310) in the United States
IPUQN611310W010000000
Hours Worked for Educational Services: Technical and Trade Schools (NAICS 61151) in the United States
IPUQN61151L201000000
Employment for Educational Services: Junior Colleges (NAICS 61121) in the United States
IPUQN61121W010000000
Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
IPUQN61131L200000000
Hours Worked for Educational Services: Junior Colleges (NAICS 61121) in the United States
IPUQN61121L010000000
Citation
U.S. Federal Reserve, Hours Worked for Educational Services: Educational Support Services (NAICS 61171) in the United States (IPUQN61171L010000000), retrieved from FRED.