Labor Productivity for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.53
Year-over-Year Change
20.28%
Date Range
1/1/1987 - 1/1/2022
Summary
This trend measures labor productivity for the U.S. drycleaning and laundry services industry, excluding coin-operated establishments. It is an important indicator of efficiency and competitiveness in 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 labor productivity index tracks changes in the ratio of real output to hours worked for the NAICS 812320 industry, which encompasses establishments primarily engaged in providing drycleaning and laundry services, except for coin-operated facilities. This metric is closely monitored by economists and policymakers to assess the industry's technological advancement and competitive position.
Methodology
The data is collected through surveys and administrative records by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this productivity index can inform policy decisions and business strategies in the drycleaning and laundry services sector.
Key Facts
- The index is based on 2012 as the reference year.
- Productivity has steadily increased since the early 2000s.
- The industry employs over 380,000 workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. drycleaning and laundry services industry, excluding coin-operated establishments.
Q: Why is this trend relevant for users or analysts?
A: This productivity index is an important indicator of efficiency and competitiveness in the drycleaning and laundry services sector, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this productivity index can inform policy decisions and business strategies in the drycleaning and laundry services sector.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal update delays.
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Citation
U.S. Federal Reserve, Labor Productivity for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States (IPUUN812320L000000000), retrieved from FRED.