Expenditures on apparel down in 2003
July 06, 2005
Among the major components of consumer spending, only the apparel and services category saw statistically significant change in 2003, a 6.2-percent decrease.
The decrease in spending on apparel and services in 2003 was similar to the 6.1-percent decline in 2001. Spending on apparel and services rose just 0.3 percent in 2002.
Spending decreased in 2003 for men’s and boys’ apparel (-9.2 percent), women’s and girls’ apparel (-9.9 percent), apparel for children under 2 years (-1.4 percent), and footwear (-6.1 percent), whereas spending on other apparel products and services rose 7.8 percent. This last category includes items such as watches and jewelry, and services such as laundry, and drycleaning.
The trend in the share of total expenditures spent on apparel and services has been downward over the last several years, possibly due to the competition from cheaper imported clothing as well as a shift to more casual, less expensive styles. In 1993, apparel and services accounted for 5.5 percent of total spending; by 2003, the share had fallen to 4.0 percent.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Expenditures on apparel down in 2003 on the Internet at http://www.bls.gov/opub/ted/2005/jul/wk1/art02.htm (visited September 30, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.