Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.33
Year-over-Year Change
-10.36%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly hours worked in the coin-operated laundries and drycleaners industry in the United States. It provides insights into the labor dynamics of 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 Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) series tracks the total number of hours employees work each month in this specific industry. This metric is used by economists and policymakers to analyze labor market conditions and productivity in the services sector.
Methodology
The data is collected through surveys of businesses in the coin-operated laundries and drycleaners industry.
Historical Context
This trend is relevant for understanding economic activity and labor market trends in the services sector.
Key Facts
- This industry employs over 150,000 workers in the U.S.
- Hours worked in this sector have declined by 10% since 2019.
- Coin-operated laundries and drycleaners make up a $5 billion industry in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the coin-operated laundries and drycleaners industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and productivity in the services sector, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the coin-operated laundries and drycleaners industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand economic activity and labor market trends in the services sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delay in reporting due to the survey process.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States (IPUUN812310L200000000), retrieved from FRED.