Hours Worked for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
IPUUN81211L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.79
Year-over-Year Change
11.47%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the hair, nail, and skin care services industry in the United States. It provides insight into the labor market and service sector activity.
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 Hours Worked for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) metric tracks the total number of hours worked by employees in this personal care services industry. It serves as an indicator of output and labor demand within this segment of the broader service economy.
Methodology
The data is collected through surveys of businesses and establishments in this industry sector.
Historical Context
This trend is used by economists and policymakers to monitor employment and labor market conditions in the personal services industry.
Key Facts
- This industry employs over 1.2 million workers in the U.S.
- Hours worked in this sector declined sharply during the COVID-19 pandemic.
- The personal care services industry is a significant component of the broader service economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the hair, nail, and skin care services industry in the United States, providing insight into labor market conditions in this personal services sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for economists and policymakers as it offers a window into employment and labor demand within the personal care services industry, which is an important component of the broader service economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments operating in the hair, nail, and skin care services industry (NAICS 81211).
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor employment and labor market conditions in the personal services industry, which can inform broader economic and policy decisions.
Q: Are there update delays or limitations?
A: There may be update delays of several weeks or months due to the survey-based data collection process. The data may also be subject to revisions over time.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States (IPUUN81211L010000000), retrieved from FRED.