Labor Productivity for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.09
Year-over-Year Change
2.95%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity for furniture and home furnishing merchant wholesalers in the United States. It provides valuable insights into the efficiency and competitiveness of this key wholesale 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 Productivity for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States series tracks the ratio of real output to hours worked within this wholesale industry. It is a key indicator of operational efficiency and technological progress.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their Productivity and Costs program.
Historical Context
This productivity metric is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of the furniture and home furnishing wholesale market.
Key Facts
- The series has data available from 1987 to the present.
- Productivity growth in this sector impacts consumer prices and industry profitability.
- The U.S. furniture and home furnishings wholesale industry employs over 400,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for furniture and home furnishing merchant wholesalers in the United States. It tracks the ratio of real output to hours worked in this wholesale industry.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is closely watched by policymakers, economists, and industry analysts as it provides insights into the operational efficiency and competitiveness of the furniture and home furnishings wholesale market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their Productivity and Costs program.
Q: How is this trend used in economic policy?
A: This productivity trend is used by policymakers, market analysts, and industry stakeholders to assess the health and competitiveness of the furniture and home furnishings wholesale sector, which can inform economic and trade policies.
Q: Are there update delays or limitations?
A: The series has data available from 1987 to the present, with updates typically provided on a quarterly basis by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States (IPUGN4232L000000000), retrieved from FRED.