Hours Worked for Other Services (Except Public Administration): Personal and Laundry Services (NAICS 812) in the United States
IPUUN812L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.01
Year-over-Year Change
16.91%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the personal and laundry services industry in the United States. It provides insights into labor demand 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 Hours Worked for Other Services (Except Public Administration): Personal and Laundry Services (NAICS 812) trend tracks the total number of hours worked by employees in personal care, laundry, and other similar services. This metric is used by economists to analyze labor market conditions and productivity in this segment of the service industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers and analysts monitoring the health of the service sector and consumer-facing businesses.
Key Facts
- The personal and laundry services industry employs over 1.2 million workers in the U.S.
- Hours worked in this sector have remained relatively stable over the past decade.
- The industry is dominated by small businesses, with over 80% of establishments having fewer than 20 employees.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the personal and laundry services industry (NAICS 812) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor demand and productivity within the service sector, which is important for understanding broader economic conditions and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health of the service sector and consumer-facing businesses, which can inform decisions related to economic policy and regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. There may be seasonal adjustments and revisions to historical data.
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Citation
U.S. Federal Reserve, Hours Worked for Other Services (Except Public Administration): Personal and Laundry Services (NAICS 812) in the United States (IPUUN812L010000000), retrieved from FRED.