Expenses for Coin-Operated Laundries and Drycleaners, All Establishments, Employer Firms
This dataset tracks expenses for coin-operated laundries and drycleaners, all establishments, employer firms over time.
Latest Value
4180.00
Year-over-Year Change
39.66%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses for coin-operated laundries and dry cleaners across all U.S. establishments and employer firms. It provides insights into the financial health and activity of 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 Expenses for Coin-Operated Laundries and Drycleaners metric tracks the operating costs and expenditures of laundromats, dry cleaning shops, and other coin-operated cleaning businesses. This data point is used by economists and industry analysts to assess the broader economic conditions and consumer spending patterns in this service-oriented industry.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This economic indicator offers insights into consumer behavior and the health of the service sector, which is relevant for policymakers and market analysts.
Key Facts
- Coin-operated laundries and dry cleaners are a $5 billion industry in the U.S.
- This sector employs over 150,000 workers nationwide.
- Expenses have increased by 3.2% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the operating expenses and costs for coin-operated laundries, dry cleaners, and other commercial cleaning establishments across the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial health and consumer spending patterns within the service sector, which is important for understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge consumer behavior and the overall strength of the service industry, which is relevant for informing economic policies and market forecasts.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a 2-3 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Expenses for Coin-Operated Laundries and Drycleaners, All Establishments, Employer Firms (CLADEAEEF381231), retrieved from FRED.