Output per Worker for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
IPUUN8121W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
40.91%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures output per worker for personal care services, a subset of the other services (except public administration) industry in the United States. It provides insight into productivity and efficiency in this service-oriented 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 output per worker measure reflects the inflation-adjusted level of economic output generated per worker in the personal care services industry, which includes businesses like hair salons, spas, and other personal grooming services. This metric is useful for analyzing labor productivity and efficiency trends within this service-based industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys and other proprietary sources.
Historical Context
This productivity metric is used by economists, policymakers, and industry analysts to assess the performance and competitiveness of the personal care services sector.
Key Facts
- Personal care services make up a significant portion of the 'other services' industry in the U.S.
- This sector includes businesses like hair salons, spas, and other personal grooming services.
- Tracking productivity in personal care services provides insights into this service-oriented industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for the personal care services industry, which is a subset of the other services (except public administration) sector in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is useful for analyzing labor efficiency and competitiveness within the personal care services industry, which is an important part of the broader 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 using establishment surveys and other proprietary sources.
Q: How is this trend used in economic policy?
A: This productivity measure is used by economists, policymakers, and industry analysts to assess the performance and competitiveness of the personal care services sector.
Q: Are there update delays or limitations?
A: There may be some delays in data availability and potential limitations in coverage or methodology, as is common with economic statistics.
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Citation
U.S. Federal Reserve, Output per Worker for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States (IPUUN8121W001000000), retrieved from FRED.