Hourly Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.06
Year-over-Year Change
48.59%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation, including wages and benefits, for workers in the coin-operated laundries and drycleaners industry in the United States. It provides insights into labor costs and productivity in this important 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 Hourly Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States series tracks the average hourly compensation paid to employees in this industry. It is a key indicator for economists and policymakers to assess labor market conditions and inflationary pressures in the services sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by analysts to monitor labor costs and productivity in the services industry, which can inform monetary and fiscal policy decisions.
Key Facts
- The series has data from 1987 to the present.
- Hourly compensation includes wages, salaries, and benefits.
- The coin-operated laundries and drycleaners industry is part of the Other Services (Except Public Administration) sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, paid to workers in the coin-operated laundries and drycleaners industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity in the services sector, which is important for economists and policymakers to assess inflationary pressures and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by analysts to monitor labor costs and productivity in the services industry, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The series has data from 1987 to the present, with updates provided on a regular basis by the U.S. Federal Reserve.
Related Trends
Hours Worked for Other Services (Except Public Administration): Religious Organizations (NAICS 8131) in the United States
IPUUN8131L201000000
Output per Worker for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320W001000000
Employment for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 81131) in the United States
IPUUN81131W200000000
Sectoral Output Price Deflator for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States
IPUUN81233T051000000
Output per Worker for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420W001000000
Labor Productivity for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
IPUUN8121L000000000
Citation
U.S. Federal Reserve, Hourly Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States (IPUUN812310U120000000), retrieved from FRED.