Output per Worker for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.00
Year-over-Year Change
-300.00%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures output per worker for the reupholstery and furniture repair industry (NAICS 811420) in the United States. It provides insights into the productivity and efficiency of 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 (i.e., inflation-adjusted) produced per employee in the reupholstery and furniture repair industry. This indicator offers valuable insights into labor productivity trends and can inform business strategies, investment decisions, and policymaking.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of their industrial production indices.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the competitiveness and growth potential of the reupholstery and furniture repair sector.
Key Facts
- The reupholstery and furniture repair industry employs over 100,000 workers in the U.S.
- Output per worker in this sector has increased by 20% over the past decade.
- The industry accounts for approximately 0.2% of total U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output (i.e., inflation-adjusted) produced per worker in the reupholstery and furniture repair industry (NAICS 811420) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and efficiency of the reupholstery and furniture repair sector, which can inform business strategies, investment decisions, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of their industrial production indices.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to assess the competitiveness and growth potential of the reupholstery and furniture repair sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Output per Worker for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States (IPUUN811420W001000000), retrieved from FRED.