Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93,563.10
Year-over-Year Change
112.05%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the output of the janitorial services industry, a key component of the administrative and waste management sector. It provides insights into the health and productivity of this critical support service for businesses.
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 Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States is an important economic indicator that tracks the production and activity levels of the janitorial services industry. This data is widely used by economists, policymakers, and industry analysts to assess the strength and trends within this vital support service sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on survey responses from businesses in the janitorial services industry.
Historical Context
This economic trend is closely monitored for its implications on overall business activity, employment, and the health of the broader service economy.
Key Facts
- Janitorial services are a $60 billion industry in the U.S.
- The sector employs over 2 million workers nationwide.
- Output in this industry has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output and production levels of the janitorial services industry, a key component of the administrative and waste management sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and activity levels of a critical support service industry, which has broad implications for overall business operations and the broader service economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on survey responses from businesses in the janitorial services industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend as an indicator of broader business activity, employment, and the overall strength of the service sector.
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, Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States (IPUPN56172T300000000), retrieved from FRED.