Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.90
Year-over-Year Change
-0.76%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the funeral homes and funeral services industry in the United States. It provides insight into the labor activity and productivity of this specialized service 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 Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) trend tracks the total number of hours worked by employees in the funeral services industry. This metric is used by economists and policymakers to analyze labor market dynamics and productivity in this niche service sector.
Methodology
The data is collected through surveys of businesses in the funeral homes and funeral services industry.
Historical Context
This trend helps inform analysis of labor market conditions and service sector performance.
Key Facts
- The funeral services industry employs over 130,000 workers in the U.S.
- This trend has shown relatively stable hours worked over the past decade.
- Funeral homes and services make up a small but specialized part of the service sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the funeral homes and funeral services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market dynamics and productivity within the specialized funeral services sector, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the funeral homes and funeral services industry.
Q: How is this trend used in economic policy?
A: This trend helps inform analysis of labor market conditions and service sector performance, which is relevant for economic policymakers.
Q: Are there update delays or limitations?
A: There may be typical data collection and reporting delays for this specialized industry metric.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States (IPUUN81221L010000000), retrieved from FRED.