Labor Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,487.77
Year-over-Year Change
33.19%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for coin-operated laundries and drycleaners in the United States. It provides insights into the wage and productivity dynamics of this service industry 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 Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) series tracks changes in total labor costs, including wages and benefits, for this specific economic activity. It is a key indicator for analysts and policymakers monitoring the service sector's labor market conditions.
Methodology
The data is collected through business surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to assess the broader service industry's labor market and inflationary pressures.
Key Facts
- This industry employs over 160,000 workers in the U.S.
- Compensation costs make up a significant portion of operating expenses for coin laundries and drycleaners.
- The trend has shown moderate growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in total labor compensation, including wages and benefits, for coin-operated laundries and drycleaners in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the labor market dynamics of the service industry, which is a key sector of the U.S. economy. It helps analysts and policymakers monitor inflationary pressures and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess broader service industry labor market conditions and inflationary pressures, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Labor Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States (IPUUN81231L020000000), retrieved from FRED.