Hourly Compensation for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States
IPUUN81233U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.68
Year-over-Year Change
47.86%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hourly Compensation for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States measures the average hourly compensation, including wages and benefits, for workers in the linen and uniform supply industry. This metric is a key indicator of labor costs and productivity in 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
This economic series tracks the hourly compensation for workers in the linen and uniform supply industry, which is part of the broader 'Other Services (Except Public Administration)' sector. Economists use this data to analyze trends in labor costs, productivity, and competitiveness within the textile rental and laundry services industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts monitor this metric to understand cost pressures and productivity in the commercial laundry and linen supply market.
Key Facts
- The linen and uniform supply industry employs over 150,000 workers in the U.S.
- Hourly compensation in this sector has risen by over 30% in the past decade.
- Labor costs account for approximately 60% of total operating expenses for linen and uniform suppliers.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly compensation, including wages and benefits, for workers in the linen and uniform supply industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor costs and productivity trends in the commercial laundry and textile rental services sector, which is a key part of the broader service economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this series to assess cost pressures and competitiveness in the linen and uniform supply market, which can inform decisions around regulation, trade, and workforce development.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Hourly Compensation for Other Services (Except Public Administration): Linen and Uniform Supply (NAICS 81233) in the United States (IPUUN81233U120000000), retrieved from FRED.