Hours Worked for Other Services (Except Public Administration): Membership Associations and Organizations (NAICS 813) in the United States
IPUUN813L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.49
Year-over-Year Change
-0.75%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the membership associations and organizations industry (NAICS 813) in the United States. It provides insights into the activity and labor demand 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
The Hours Worked for Other Services (Except Public Administration): Membership Associations and Organizations (NAICS 813) series tracks the total number of hours worked by employees in this industry, which includes trade associations, professional associations, labor unions, and similar organizations. This data is used by economists and policymakers to analyze labor market trends and gauge the health of the service economy.
Methodology
The data is collected through surveys of businesses and establishments.
Historical Context
This trend is relevant for understanding the strength and direction of the nonprofit and membership organization sector, which plays a key role in the U.S. economy.
Key Facts
- The membership associations and organizations industry includes trade unions, professional associations, and social advocacy groups.
- This sector employs over 12 million people in the United States.
- Hours worked data provides insights into the labor demand and economic activity within this service industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the membership associations and organizations industry (NAICS 813) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor demand and economic activity within the nonprofit and membership organization sector, which is an important part of the U.S. service economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze labor market trends and gauge the health of the service economy, particularly the nonprofit and membership organization industry.
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): Membership Associations and Organizations (NAICS 813) in the United States (IPUUN813L010000000), retrieved from FRED.