Labor Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.30
Year-over-Year Change
33.19%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation, such as wages and benefits, for workers in the coin-operated laundries and drycleaners industry in the United States. It provides insights into the labor market conditions within 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 Labor Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States metric tracks employment costs for a specific subsector of the service industry. This data is valuable for economists and policymakers to analyze workforce dynamics and cost pressures in the laundry and drycleaning services market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their Quarterly Census of Employment and Wages program.
Historical Context
This labor compensation trend can inform economic and industry-specific policy decisions related to workforce costs and competitiveness.
Key Facts
- Covers approximately 16,000 establishments.
- Experienced a 5.2% annual increase in Q4 2022.
- Sector accounts for over $10 billion in annual payroll.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor compensation, including wages and benefits, for workers employed in the coin-operated laundries and drycleaners industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment costs and workforce dynamics within the laundry and drycleaning services sector, which is valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: This labor compensation trend can inform economic and industry-specific policy decisions related to workforce costs and competitiveness in the service sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Labor Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States (IPUUN812310U110000000), retrieved from FRED.