Output per Worker for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.00
Year-over-Year Change
60.67%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures productivity in the janitorial services industry, which is an important indicator of labor efficiency and economic performance in the administrative and support services 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 for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States is a key productivity metric that tracks the real output or value added per worker in this specialized service industry. It provides insights into the industry's competitiveness and efficiency.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and other sources.
Historical Context
This productivity trend is monitored by economists, policymakers, and industry analysts to assess the health and competitiveness of the janitorial services sector.
Key Facts
- Janitorial services account for over 1 million jobs in the U.S.
- Output per worker in this industry has grown by 15% over the past decade.
- Productivity trends affect pricing, profitability, and competitiveness in this sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or value added per worker in the janitorial services industry (NAICS 56172) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the competitiveness and efficiency of the janitorial services sector, which is an important part of the broader administrative and support services industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and other sources.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts monitor this productivity trend to assess the health and competitiveness of the janitorial services sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be some delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Output per Worker for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States (IPUPN56172W000000000), retrieved from FRED.