Labor Productivity for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231L001000000 • 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 coin-operated laundries and drycleaners industry, which is an important indicator of efficiency and competitiveness in the broader services 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 labor productivity index tracks changes in the ratio of real output to hours worked for this specific NAICS industry. It provides insights into how effectively businesses in this sector are utilizing their labor resources over time.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and employment information.
Historical Context
Economists and policymakers monitor this productivity trend to assess the health and competitiveness of the services industry.
Key Facts
- The base year for this index is 2012.
- Productivity in this industry has risen by over 20% since 2015.
- This sector accounts for about 0.5% of total U.S. services employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the coin-operated laundries and drycleaners industry, which reflects how efficiently businesses in this sector are utilizing their labor resources.
Q: Why is this trend relevant for users or analysts?
A: Monitoring productivity in this industry provides insights into the competitiveness and efficiency of the broader services sector, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and employment information for businesses in this NAICS industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers track this productivity index to assess the health and competitiveness of the services industry, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay from the reference period.
Related Trends
Unit Labor Costs for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123U100000000
Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232T301000000
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IPUUN81142W010000000
Unit Labor Costs for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
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IPUUN8129W010000000
Hours Worked for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 8113) in the United States
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Citation
U.S. Federal Reserve, Labor Productivity for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States (IPUUN81231L001000000), retrieved from FRED.