Labor Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,062.36
Year-over-Year Change
16.47%
Date Range
1/1/1987 - 1/1/2024
Summary
This trend measures labor compensation for reupholstery and furniture repair services in the United States, providing insight into the economic health of this niche industry.
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 Labor Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) series tracks total employee compensation in this specific service sector. It is a key indicator of activity and profitability within the furniture repair and refinishing industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics as part of their Industry Productivity and Costs program.
Historical Context
Trends in this metric are closely watched by industry analysts and policymakers to assess the broader state of the furniture and household goods market.
Key Facts
- Measures total employee compensation in NAICS industry 81142.
- Provides insight into the economic health of the furniture repair sector.
- Data collected by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation for employees in the reupholstery and furniture repair services industry (NAICS 81142) in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric are closely watched to assess the broader health and activity levels within the furniture repair and refinishing industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics as part of their Industry Productivity and Costs program.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to monitor the state of the furniture and household goods market and make informed decisions.
Q: Are there update delays or limitations?
A: There may be typical data collection and reporting delays, but the series provides a reliable and timely indicator of trends in this niche service sector.
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Citation
U.S. Federal Reserve, Labor Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States (IPUUN81142L020000000), retrieved from FRED.