Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.49
Year-over-Year Change
-0.76%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the funeral homes and funeral services industry in the United States. It provides insight into the labor input and activity levels in this essential 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 this industry. It is an important indicator of production, capacity utilization, and economic conditions within the funeral services sector.
Methodology
The data is collected through monthly surveys of establishments in this industry.
Historical Context
This trend is closely monitored by policymakers and industry analysts to assess the health and outlook of the funeral services market.
Key Facts
- The funeral services industry employs over 130,000 workers in the U.S.
- Hours worked in this sector tend to be countercyclical, rising during economic downturns.
- Funeral services are considered an essential business, with demand less sensitive to economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the funeral homes and funeral services industry (NAICS 81221) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into production, capacity, and economic conditions within the funeral services sector, which is an essential industry less sensitive to economic cycles.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments in the funeral homes and funeral services industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and industry analysts to assess the health and outlook of the funeral services market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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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 (IPUUN81221L200000000), retrieved from FRED.