Hours Worked for Other Services (Except Public Administration): Religious Organizations (NAICS 8131) in the United States
IPUUN8131L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
0.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the hours worked in the religious organizations industry, a key indicator of labor market activity and productivity in the services 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): Religious Organizations (NAICS 8131) in the United States metric tracks the total number of hours worked by employees in the religious organizations industry. This data provides insight into the health and growth of this services subsector.
Methodology
The data is collected through business surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess employment and productivity trends in the services industry.
Key Facts
- Measures hours worked in NAICS industry 8131 (religious organizations).
- Provides insight into labor market trends in the services sector.
- Collected through business surveys by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of hours worked by employees in the religious organizations industry (NAICS 8131).
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into employment and productivity trends in the services sector, which is a key part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health and growth of the services industry, which is important for understanding overall economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Religious Organizations (NAICS 8131) in the United States (IPUUN8131L201000000), retrieved from FRED.