Hourly Compensation for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.54
Year-over-Year Change
51.49%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation for workers in the drycleaning and laundry services industry, excluding coin-operated services, in the United States. It provides insights into wage and productivity dynamics in this important 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 Hourly Compensation for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States series tracks changes in total hourly compensation, including wages and benefits, for workers in this industry. It is a key indicator of labor costs and productivity in this service sector.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to monitor inflationary pressures and productivity in the laundry and drycleaning services industry.
Key Facts
- The drycleaning and laundry services industry employs over 380,000 workers in the U.S.
- Hourly compensation in this industry has grown by over 20% in the past decade.
- Productivity gains have helped offset rising labor costs in the sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures hourly compensation, including wages and benefits, for workers in the drycleaning and laundry services industry (excluding coin-operated services) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity dynamics in an important service sector, which is useful for economists and policymakers analyzing inflationary pressures and industry performance.
Q: How is this data collected or calculated?
A: The data is collected through 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 monitor labor costs and productivity in the laundry and drycleaning services industry, which can inform decisions related to economic policy and industry regulation.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be lags or revisions in the reported figures.
Related Trends
Hours Worked for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232L010000000
Real Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T010000000
Employment for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 811310) in the United States
IPUUN811310W010000000
Labor Compensation for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292L020000000
Hours Worked for Other Services (Except Public Administration): Social Advocacy Organizations (NAICS 8133) in the United States
IPUUN8133L010000000
Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310L010000000
Citation
U.S. Federal Reserve, Hourly Compensation for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States (IPUUN81232U120000000), retrieved from FRED.