Hours Worked for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232L200000000 • 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 hours worked in the drycleaning and laundry services industry, excluding coin-operated facilities, in the United States. It provides insight into labor utilization and productivity within 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 81232) trend tracks the total number of hours worked by employees in this industry segment. It is a key indicator of labor input and can signal changes in demand, operational efficiency, and overall economic conditions for this service category.
Methodology
The data is collected through surveys of businesses in the drycleaning and laundry services industry.
Historical Context
This metric is used by economists, policymakers, and industry analysts to monitor labor market dynamics and productivity trends in the personal services sector.
Key Facts
- The drycleaning and laundry services industry employs over 350,000 workers in the U.S.
- Hours worked in this sector declined by 25% during the 2020 COVID-19 pandemic.
- Technological advancements have driven productivity gains in the industry over the past decade.
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, excluding coin-operated facilities, in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor utilization and productivity within the personal services sector, which is an important indicator of economic conditions and industry performance.
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: Economists and policymakers use this metric to monitor labor market dynamics and productivity trends in the personal services sector, which can inform economic policies and industry regulations.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of this data, and the survey-based methodology may not capture all economic activity in the industry.
Related Trends
Output per Worker for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221W000000000
Hours Worked for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 8113) in the United States
IPUUN8113L201000000
Labor Productivity for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142L000000000
Hours Worked for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420L010000000
Labor Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142U110000000
Employment for Other Services (Except Public Administration): Repair and Maintenance (NAICS 811) in the United States
IPUUN811W200000000
Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States (IPUUN81232L200000000), retrieved from FRED.