Unit Labor Costs for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.08
Year-over-Year Change
52.25%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures unit labor costs for the Reupholstery and Furniture Repair industry (NAICS 81142) in the United States. It provides insights into productivity and cost pressures within this 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 Unit Labor Costs for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) series tracks the changes in labor costs per unit of output for this specific industry. It is an important indicator of competitiveness and inflationary pressures within the furniture repair and refurbishing market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers and industry analysts to gauge the health and pricing dynamics of the furniture repair services sector.
Key Facts
- This index is published quarterly by the U.S. Bureau of Labor Statistics.
- Unit labor costs represent the cost of labor per unit of output.
- The furniture repair industry is part of the broader 'Other Services' sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs for the Reupholstery and Furniture Repair industry (NAICS 81142) in the United States. It tracks changes in labor costs per unit of output for this service sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into productivity and cost pressures within the furniture repair and refurbishing market, which is important for understanding competitiveness and inflationary dynamics in this service sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and industry analysts to gauge the health and pricing dynamics of the furniture repair services sector.
Q: Are there update delays or limitations?
A: This index is published quarterly by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States (IPUUN81142U100000000), retrieved from FRED.