Labor Productivity for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-14.00
Year-over-Year Change
288.89%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures labor productivity in the U.S. coin-operated laundries and drycleaners industry, a key service sector. It provides insights into industry efficiency and competitiveness.
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 productivity index tracks changes in the ratio of real output to hours worked for this NAICS industry, offering a gauge of productivity growth over time. It is a valuable indicator for economists and policymakers analyzing service sector performance.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and national accounts information.
Historical Context
This productivity metric can inform assessments of industry competitiveness, cost structures, and potential inflationary pressures.
Key Facts
- This industry accounts for over $5 billion in annual U.S. economic output.
- Coin-operated laundry and drycleaning services employ over 150,000 workers nationwide.
- Productivity growth in this sector can impact consumer prices and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. coin-operated laundries and drycleaners industry, tracking changes in the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into industry efficiency and competitiveness, which can inform assessments of cost structures, pricing, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and national accounts information.
Q: How is this trend used in economic policy?
A: This productivity indicator can be used by economists and policymakers to analyze service sector performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological constraints of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Labor Productivity for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States (IPUUN812310L001000000), retrieved from FRED.