Output per Worker for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.60
Year-over-Year Change
17.31%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures output per worker in the U.S. drycleaning and laundry services industry, excluding coin-operated establishments. It is a key indicator of productivity and efficiency 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 Output per Worker series provides insights into the labor productivity of businesses in the drycleaning and laundry services industry, excluding coin-operated establishments. It is a valuable metric for analyzing industry trends and competitiveness.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in this industry.
Historical Context
This productivity measure is used by policymakers, industry analysts, and businesses to assess the health and competitiveness of the drycleaning and laundry services sector.
Key Facts
- The U.S. drycleaning and laundry services industry employs over 350,000 workers.
- Output per worker in this industry has increased by 20% over the past decade.
- The drycleaning and laundry services sector accounts for over $20 billion in annual revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the U.S. drycleaning and laundry services industry, excluding coin-operated establishments. It provides insight into the labor productivity of businesses in this service sector.
Q: Why is this trend relevant for users or analysts?
A: This productivity measure is important for assessing the competitiveness and efficiency of the drycleaning and laundry services industry, which is a key part of the broader service sector economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the drycleaning and laundry services industry.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and businesses use this productivity measure to evaluate the health and competitiveness of the drycleaning and laundry services sector, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output per Worker for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States (IPUUN81232W000000000), retrieved from FRED.