Employment for Other Services (Except Public Administration): Personal and Laundry Services (NAICS 812) in the United States
IPUUN812W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,389.70
Year-over-Year Change
23.56%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the personal and laundry services industry in the United States. It is an important indicator of labor market conditions and consumer demand in the 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 'Employment for Other Services (Except Public Administration): Personal and Laundry Services (NAICS 812)' metric tracks the number of individuals employed in personal care, dry cleaning, and other laundry services. This provides insight into the health and activity of a key component of the broader services industry.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by economists and policymakers to assess the state of the services economy and consumer spending patterns.
Key Facts
- Employment in personal and laundry services accounts for about 1.4% of total U.S. nonfarm employment.
- This industry saw significant job losses early in the COVID-19 pandemic but has since experienced a gradual recovery.
- Trends in personal services employment can provide insights into consumer confidence and discretionary spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals employed in personal care, dry cleaning, and other laundry services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the health and activity of the personal and laundry services industry, which is an important component of the broader services sector and consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in personal services employment are closely watched by economists and policymakers to assess the state of the services economy and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be delays in reflecting the most recent economic conditions.
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IPUUN8121T011000000
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IPUUN8111W001000000
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IPUUN8111L000000000
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IPUUN813L010000000
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Citation
U.S. Federal Reserve, Employment for Other Services (Except Public Administration): Personal and Laundry Services (NAICS 812) in the United States (IPUUN812W200000000), retrieved from FRED.