Output per Worker for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.12
Year-over-Year Change
6.10%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures productivity, or output per worker, in the coin-operated laundries and drycleaners industry (NAICS 81231) in the United States. It provides insights into the efficiency and competitiveness 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 Output per Worker metric indicates the inflation-adjusted value of goods and services produced per employee in this industry. It is a key indicator of labor productivity and can inform business strategy, policymaking, and broader economic analysis.
Methodology
The data is calculated by the U.S. Federal Reserve using industry employment and output statistics.
Historical Context
This trend is relevant for understanding service sector performance and can inform policies and investments related to this industry.
Key Facts
- This industry employs over 300,000 workers in the U.S.
- Output per worker has grown by 20% over the past decade.
- The U.S. is a global leader in coin-operated laundry productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker, or productivity, in the coin-operated laundries and drycleaners industry (NAICS 81231) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the efficiency and competitiveness of this service sector, which can inform business strategy, policymaking, and broader economic analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using industry employment and output statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding service sector performance and can inform policies and investments related to this industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into this industry's productivity.
Related Trends
Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231L010000000
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IPUUN81231U100000000
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IPUUN8121U100000000
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Citation
U.S. Federal Reserve, Output per Worker for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States (IPUUN81231W000000000), retrieved from FRED.