Hours Worked for Educational Services: Educational Support Services (NAICS 6117) in the United States
IPUQN6117L010000000 • 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 indicator measures the total hours worked in the educational support services industry in the United States. It provides insights into labor utilization and productivity trends in 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 6117) series tracks the total number of hours worked by employees in this industry, which includes entities that provide support services to educational institutions and systems.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to analyze labor market conditions and productivity trends in the education industry.
Key Facts
- The series is published monthly by the U.S. Bureau of Labor Statistics.
- Educational support services account for approximately 1% of total U.S. employment.
- Hours worked in this industry have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This economic indicator measures the total hours worked by employees in the educational support services industry (NAICS 6117) 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 in the education sector, which is of interest to economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze labor market conditions and productivity trends in the education industry.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Bureau of Labor Statistics with minimal update delays.
Related Trends
Employment for Educational Services: Technical and Trade Schools (NAICS 6115) in the United States
IPUQN6115W200000000
Hours Worked for Educational Services: Elementary and Secondary Schools (NAICS 6111) in the United States
IPUQN6111L200000000
Employment for Educational Services: Other Schools and Instruction (NAICS 6116) in the United States
IPUQN6116W010000000
Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 61131) in the United States
IPUQN61131L200000000
Employment for Educational Services: Educational Support Services (NAICS 611710) in the United States
IPUQN611710W200000000
Hours Worked for Educational Services: Technical and Trade Schools (NAICS 61151) in the United States
IPUQN61151L010000000
Citation
U.S. Federal Reserve, Hours Worked for Educational Services: Educational Support Services (NAICS 6117) in the United States (IPUQN6117L010000000), retrieved from FRED.