Output per Worker for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-18.00
Year-over-Year Change
-220.81%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the output per worker for the photofinishing industry (NAICS 81292) in the United States. It provides insights into productivity and labor efficiency 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 Output per Worker metric tracks the real output, or production, per employed worker in the photofinishing industry. This statistic is useful for analyzing labor productivity trends and identifying factors impacting efficiency within this service-oriented economic segment.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment figures from the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to assess the competitiveness and health of the photofinishing industry.
Key Facts
- Photofinishing is a niche service industry focused on film processing and digital imaging.
- Output per worker has declined in the photofinishing sector due to automation and digital photo sharing.
- The photofinishing industry employs over 20,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production per employed worker in the photofinishing industry (NAICS 81292) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and efficiency trends within the photofinishing service sector, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this data using production and employment figures from the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the competitiveness and health of the photofinishing industry.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with potential delays of several weeks.
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Citation
U.S. Federal Reserve, Output per Worker for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States (IPUUN81292W001000000), retrieved from FRED.