Hours Worked for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.77
Year-over-Year Change
-24.38%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the reupholstery and furniture repair industry (NAICS 81142) in the United States. It provides insights into the labor market and production capacity of this specialized 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): Reupholstery and Furniture Repair (NAICS 81142) in the United States series tracks the volume of labor input for this industry. It serves as an indicator of economic activity and can be used to analyze trends in productivity, output, and employment within the furniture repair and restoration segment.
Methodology
This data is collected through surveys of businesses in the reupholstery and furniture repair industry.
Historical Context
Economists and policymakers monitor this trend to assess the health of the furniture services sector and its contribution to the broader economy.
Key Facts
- The reupholstery and furniture repair industry employs over 100,000 workers in the U.S.
- Hours worked in this sector declined by 20% during the 2008-2009 recession.
- This industry generates over $3 billion in annual revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the hours worked in the reupholstery and furniture repair industry (NAICS 81142) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and production capacity of the furniture repair and restoration segment, which is an important part of the broader service sector.
Q: How is this data collected or calculated?
A: This data is collected through surveys of businesses in the reupholstery and furniture repair industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the furniture services sector and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States (IPUUN81142L200000000), retrieved from FRED.