SIC 86 - Membership Organizations or Unions And Similar Labor Organizations
SIC 86 - MEMBERSHIP ORGANIZATIONS OR UNIONS AND SIMILAR LABOR ORGANIZATIONS
View full description Collapse full description
This major group includes organizations operating on a membership basis for the promotion of the interests of their members. Included are organizations such as trade associations; professional membership organizations; labor unions and similar labor organizations; and political and religious organizations.
This major group does not include business establishments operated by membership organizations, which are classified according to their primary activity.
Explore the industry hierarchy
Drill down to explore more specific industries.
Industry trends
NAICS 86, which covers Membership Organizations and Unions and Similar Labor Organizations, is currently seeing several qualitative trends that have significant implications for the near future. One prominent trend is the increasing use of digital platforms for member engagement and organizing efforts. The shift towards virtual meetings and online communications has become more pronounced, and organizations are investing in technologies that facilitate remote participation and digital advocacy.
Another notable trend is the growing focus on diversity, equity, and inclusion (DEI) within union activities and membership policies. Unions are increasingly prioritizing the representation of historically marginalized groups and are advocating for policies that address systemic inequities in the workplace.
Moreover, there is a rising emphasis on issue-based organizing rather than traditional sector-based strategies. Labor organizations are aligning more closely with social movements to address broader economic, social, and environmental issues, thereby expanding their influence and member base.
The forecast for the near future suggests that these trends will continue to gain momentum. The adoption of advanced digital tools will further enhance connectivity and mobilization efforts. DEI initiatives are expected to become more sophisticated, with unions implementing comprehensive training programs and policy reforms. Additionally, the integration of social justice campaigns will likely shape the strategic priorities of many unions, driving greater collaboration across different sectors and communities.
- Investment in renewable energy and grid modernization continues to accelerate.
- Regulatory changes and sustainability initiatives are shaping long-term growth.
- Operational efficiency and technology adoption are key focus areas.
Get the Full Industry Report
In-depth analysis, 50+ financial ratios, 4-year trends, and industry forecasts.