Hours Worked for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.47
Year-over-Year Change
-38.42%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the drycleaning and laundry services industry in the United States. It provides insights into the labor utilization and productivity 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): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) trend tracks the total number of hours worked by employees in this industry. It serves as an indicator of workforce activity and can be used to analyze labor market conditions and production capacity in the drycleaning and laundry services sector.
Methodology
The data is collected through surveys of businesses in the drycleaning and laundry services industry.
Historical Context
This trend is useful for policymakers, industry analysts, and economists to monitor the health and performance of the drycleaning and laundry services sector.
Key Facts
- The drycleaning and laundry services industry employs over 380,000 workers in the United States.
- Hours worked in this industry have remained relatively stable over the past decade.
- The drycleaning and laundry services sector accounts for approximately 0.2% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the drycleaning and laundry services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor utilization and productivity of the drycleaning and laundry services sector, which is an important component of the broader service industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the drycleaning and laundry services industry.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, industry analysts, and economists to monitor the health and performance of the drycleaning and laundry services sector, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of a few months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States (IPUUN812320L200000000), retrieved from FRED.