Labor Compensation for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.45
Year-over-Year Change
-32.29%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for the photofinishing industry in the United States. It provides insights into employment 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
The Labor Compensation for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States series tracks the total compensation paid to workers in the photofinishing industry. This data is used by economists and policymakers to analyze labor market conditions and productivity trends in the service sector.
Methodology
The data is collected through surveys of U.S. businesses and calculated based on total employee compensation.
Historical Context
This trend is relevant for understanding the economic health and competitiveness of the photofinishing industry.
Key Facts
- Photofinishing is a subsector of the broader Other Services (Except Public Administration) industry.
- This metric tracks total employee compensation, including wages, salaries, and benefits.
- The photofinishing industry has seen significant technological change and productivity shifts in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages and benefits, paid to workers in the photofinishing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into employment costs and productivity trends in the photofinishing service sector, which is relevant for understanding the economic health and competitiveness of this industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and calculated based on total employee compensation.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor market conditions and productivity in the service sector, which can inform economic and industry policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication lags of economic statistics, with a delay of several months between the reference period and the data release.
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Citation
U.S. Federal Reserve, Labor Compensation for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States (IPUUN81292U110000000), retrieved from FRED.