Hours Worked for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.20
Year-over-Year Change
-52.93%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator tracks the number of hours worked in the photofinishing industry (NAICS 81292) in the United States. It provides insights into the labor dynamics and production levels of this specialized 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 Hours Worked for Other Services (Except Public Administration): Photofinishing (NAICS 81292) metric measures the total number of hours worked by employees in the photofinishing industry within the United States. This data point is useful for analyzing labor market trends and productivity in this niche service sector.
Methodology
The data is collected through surveys of businesses in the photofinishing industry.
Historical Context
This metric is closely watched by policymakers and industry analysts to gauge the health and outlook of the photofinishing services market.
Key Facts
- Photofinishing is a specialized service industry that processes photographic film and prints.
- The photofinishing sector employs over 20,000 workers in the United States.
- Hours worked in photofinishing have declined in recent years due to the rise of digital photography.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of hours worked by employees in the photofinishing industry (NAICS 81292) within the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into labor market dynamics and production levels within the specialized photofinishing service sector, which is useful for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the photofinishing industry.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers and industry analysts to gauge the health and outlook of the photofinishing services market.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required to collect and process the survey information from businesses.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States (IPUUN81292L010000000), retrieved from FRED.