Hours Worked for Other Services (Except Public Administration): Death Care Services (NAICS 8122) in the United States
IPUUN8122L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.92
Year-over-Year Change
5.25%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly changes in hours worked in the U.S. death care services industry. It provides insights into the labor dynamics of this critical 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): Death Care Services (NAICS 8122) trend tracks the total number of hours worked by employees in funeral homes, cemeteries, crematories, and other death-related services. This data point helps analysts assess the relative health and activity levels of the death care industry.
Methodology
The data is collected through monthly surveys of U.S. businesses in the death care services sector.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor employment conditions and underlying demand in the death care services market.
Key Facts
- The death care services industry employs over 150,000 workers in the U.S.
- Hours worked in this sector have remained relatively stable over the past decade.
- Demand for death care services is closely tied to demographic trends and mortality rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the U.S. death care services industry, including funeral homes, cemeteries, and crematories.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the labor dynamics and underlying demand for death care services, which is an important economic sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the death care services industry (NAICS 8122).
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor employment conditions and assess the health of the death care services market.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Death Care Services (NAICS 8122) in the United States (IPUUN8122L200000000), retrieved from FRED.