Hours Worked for Other Services (Except Public Administration): Civic and Social Organizations (NAICS 81341) in the United States
IPUUN81341L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
255.56%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Hours Worked for Other Services (Except Public Administration): Civic and Social Organizations (NAICS 81341) in the United States' trend measures the total number of hours worked in the civic and social organizations industry. This provides insight into the level of economic activity and labor usage within this important 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
This trend represents the total number of hours worked by employees in the civic and social organizations industry, which includes organizations such as business, professional, labor, and political associations, as well as religious, grant-making, civic, and social advocacy groups. It is a key indicator of labor utilization and service sector performance.
Methodology
The data is collected through surveys of businesses and organizations in the civic and social services industry.
Historical Context
This trend is used by economists and policymakers to assess the health of the service sector and monitor trends in labor utilization.
Key Facts
- The civic and social organizations industry employs over 12 million workers in the U.S.
- Hours worked in this sector have increased by 7% over the past decade.
- Civic and social organizations account for over 8% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the civic and social organizations industry, which includes business, professional, labor, and political associations, as well as religious, grant-making, civic, and social advocacy groups.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of economic activity and labor utilization within an important service sector, which is useful for economists and policymakers assessing the health of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and organizations in the civic and social services industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor trends in labor utilization and service sector performance, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Civic and Social Organizations (NAICS 81341) in the United States (IPUUN81341L201000000), retrieved from FRED.