Hours Worked for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States
Millions of Hours
IPUUN81233L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264.49
Year-over-Year Change
10.63%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Millions of Hours' trend measures the total number of hours worked by manufacturing production and nonsupervisory employees in the United States. This metric is a key indicator of labor input and economic activity.
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 'Millions of Hours' series tracks the total number of labor hours contributed by manufacturing workers, which is a vital component of overall industrial production. Economists and policymakers use this data to assess the health and capacity of the U.S. manufacturing sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides important context for interpreting broader measures of industrial output, productivity, and employment.
Key Facts
- Manufacturing production and nonsupervisory employees worked over 15 billion hours in 2022.
- Total manufacturing hours declined sharply during the COVID-19 pandemic but have since recovered.
- The 'Millions of Hours' trend is a leading indicator of changes in industrial output and employment.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Hours' trend measures the total number of hours worked by manufacturing production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the level of labor input and production capacity in the U.S. manufacturing sector, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the 'Millions of Hours' data to assess the health and capacity of the manufacturing industry, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The 'Millions of Hours' data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Millions of Hours (IPUUN81233L200000000), retrieved from FRED.