Unit Labor Costs for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States
IPUUN81233U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.96
Year-over-Year Change
-11.75%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the unit labor costs for the linen and uniform supply industry in the United States, providing insights into productivity and labor costs 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 Unit Labor Costs for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States index tracks the changes in labor costs per unit of output for this specific industry. It is an important indicator of industry-level productivity and inflationary pressures.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics as part of its Producer Price Index program.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the broader service sector's economic health and competitiveness.
Key Facts
- Linen and uniform supply is a $12 billion industry in the U.S.
- Unit labor costs rose 2.5% in 2022 compared to the previous year.
- The industry employs over 150,000 workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs for the linen and uniform supply industry (NAICS 81233) in the United States, which reflects changes in labor productivity and per-unit labor costs.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the competitiveness and inflationary pressures within the service sector, as changes in unit labor costs can impact profit margins and pricing decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics as part of its Producer Price Index program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge the broader health and competitiveness of the service sector, which is a significant contributor to the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States (IPUUN81233U100000000), retrieved from FRED.