Labor Productivity for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
250.00%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures labor productivity in the janitorial services industry, which is a key component of the administrative and waste management sector. It provides insight into the efficiency and output of this critical service 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
The labor productivity index tracks changes in the ratio of real output to hours worked for janitorial services in the United States. This metric is used by economists and policymakers to analyze productivity trends and competitiveness within the service sector.
Methodology
The data is calculated based on industry output and labor input figures collected by the U.S. Bureau of Labor Statistics.
Historical Context
This productivity data informs analyses of service industry performance and helps guide economic policies and business strategies.
Key Facts
- Janitorial services account for over 1 million U.S. jobs.
- Productivity in this industry has grown by 25% since 2010.
- The janitorial services sector contributes $55 billion annually to the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for the janitorial services industry, which is a key component of the administrative and waste management sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides important insights into the efficiency and competitiveness of a critical service industry, informing economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry output and labor input figures.
Q: How is this trend used in economic policy?
A: This productivity data helps guide policies and strategies related to the service sector, employment, and overall economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month delay.
Related Trends
Output per Worker for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172W000000000
Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172T050000000
Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
IPUPN561720U121000000
Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172T011000000
Employment for Administrative and Support and Waste Management and Remediation Services: Business Support Services (NAICS 5614) in the United States
IPUPN5614W200000000
Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151U120000000
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 (IPUPN56172L001000000), retrieved from FRED.