Labor Productivity for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.90
Year-over-Year Change
48.00%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic indicator measures labor productivity in the janitorial services industry, providing insights into operational efficiency and profitability trends for this crucial 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 labor productivity metric tracks output per hour worked, offering a valuable gauge of productivity gains or losses within the janitorial services industry. This data helps policymakers and industry analysts assess the competitiveness and growth potential of this segment.
Methodology
The U.S. Bureau of Labor Statistics collects and calculates this labor productivity index.
Historical Context
Janitorial services productivity is an important input for economic forecasts and policy decisions affecting commercial real estate, facilities management, and the broader service economy.
Key Facts
- Janitorial services account for over $60 billion in annual U.S. economic output.
- Productivity in this industry impacts costs for commercial real estate and facilities management.
- Labor productivity is a key metric for assessing competitiveness and growth potential.
FAQs
Q: What does this economic trend measure?
A: This metric tracks labor productivity in the janitorial services industry, measuring output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Janitorial services productivity is an important input for economic forecasts and policy decisions affecting commercial real estate, facilities management, and the broader service economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects and calculates this labor productivity index.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to assess the competitiveness and growth potential of the janitorial services industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag.
Related Trends
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151L200000000
Employment for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 56121) in the United States
IPUPN56121W201000000
Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172T300000000
Unit Labor Costs for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131U101000000
Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510L020000000
Employment for Administrative and Support and Waste Management and Remediation Services: Business Support Services (NAICS 5614) in the United States
IPUPN5614W200000000
Citation
U.S. Federal Reserve, Labor Productivity for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States (IPUPN56172L000000000), retrieved from FRED.