Hours Worked for Other Services (Except Public Administration): Civic and Social Organizations (NAICS 8134) in the United States
IPUUN8134L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.84
Year-over-Year Change
-11.73%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the civic and social organizations industry in the United States. It provides insight into labor market conditions and economic activity within this 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): Civic and Social Organizations (NAICS 8134)' metric tracks the total number of hours worked by employees in organizations such as foundations, grantmaking services, and advocacy groups. This data point is a useful indicator of the scale and productivity of this segment of the services industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to gauge the health and growth of the nonprofit and advocacy sectors.
Key Facts
- This metric covers a broad range of advocacy, grantmaking, and civic organizations.
- The nonprofit sector accounts for over 10% of U.S. employment.
- Hours worked is a key indicator of industry productivity and economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in civic and social organizations, which includes advocacy groups, foundations, and other nonprofit entities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and productivity of the nonprofit and advocacy sectors, which are important components of the broader services industry and U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to gauge the health and growth of the nonprofit and advocacy sectors, which can inform decisions around regulations, funding, and other policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Civic and Social Organizations (NAICS 8134) in the United States (IPUUN8134L010000000), retrieved from FRED.