Unit Labor Costs for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.11
Year-over-Year Change
17.97%
Date Range
1/1/1987 - 1/1/2024
Summary
The Unit Labor Costs for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) measures the labor costs per unit of output in the U.S. drycleaning and laundry services industry.
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
This economic indicator provides insight into productivity trends and inflationary pressures within the drycleaning and laundry services sector. It is closely monitored by economists and policymakers to assess the overall health of the services industry.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and employment.
Historical Context
This metric informs analyses of service sector performance and can influence decisions around monetary and fiscal policies.
Key Facts
- Unit labor costs represent the cost of labor per unit of output.
- The drycleaning and laundry services industry is part of the broader 'Other Services' sector.
- Tracking unit labor costs helps assess inflationary pressures in the services industry.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the labor costs per unit of output in the U.S. drycleaning and laundry services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into productivity trends and inflationary pressures within the services sector, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and employment.
Q: How is this trend used in economic policy?
A: This metric informs analyses of service sector performance and can influence decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to previously reported figures.
Related Trends
Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320T010000000
Hours Worked for Other Services (Except Public Administration): Death Care Services (NAICS 8122) in the United States
IPUUN8122L200000000
Hours Worked for Other Services (Except Public Administration): Electronic and Precision Equipment Repair and Maintenance (NAICS 8112) in the United States
IPUUN8112L010000000
Hours Worked for Other Services (Except Public Administration): Religious Organizations (NAICS 8131) in the United States
IPUUN8131L201000000
Labor Compensation for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292U110000000
Hours Worked for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210L200000000
Citation
U.S. Federal Reserve, Unit Labor Costs for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States (IPUUN8123U100000000), retrieved from FRED.