Employment for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 8113) in the United States
IPUUN8113W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-78.57%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures employment in the commercial machinery repair and maintenance industry in the United States, providing insights into the service sector and capital equipment maintenance.
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 Employment for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 8113) series tracks the number of individuals employed in the commercial machinery repair and maintenance industry, which is an important component of the broader services sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Historical Context
This trend is relevant for policymakers and economists analyzing the health of the services industry and capital equipment investment.
Key Facts
- The commercial machinery repair and maintenance industry employs over 300,000 workers in the U.S.
- This sector has seen steady growth in employment over the past decade.
- Maintenance of capital equipment is a crucial component of business investment and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels in the commercial machinery repair and maintenance industry in the United States, which is part of the broader services sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health of the services industry and capital equipment investment, which are important indicators for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze the services sector and capital equipment investment, which are crucial for understanding overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with typical release delays of a few weeks.
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Citation
U.S. Federal Reserve, Employment for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 8113) in the United States (IPUUN8113W201000000), retrieved from FRED.