Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.83
Year-over-Year Change
10.76%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked by employees in the furniture and home furnishings wholesale trade industry in the United States. It provides insights into the activity and productivity levels of this key 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 Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States series tracks the total number of hours worked by employees in this industry. It serves as an important indicator of output, labor demand, and overall economic conditions in the furniture and home goods wholesale trade sector.
Methodology
The data is collected through surveys of businesses and establishments in the furniture and home furnishings wholesale trade industry.
Historical Context
Policymakers and analysts use this trend to assess the health and dynamics of the wholesale furniture and home goods industry and its impact on the broader economy.
Key Facts
- The furniture and home furnishings wholesale trade industry employs over 400,000 workers in the United States.
- Hours worked in this sector have increased by 10% over the past 5 years.
- The wholesale trade industry accounts for approximately 5% of total U.S. economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the furniture and home furnishings wholesale trade industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the activity and productivity levels of the furniture and home goods wholesale trade sector, which is an important part of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the furniture and home furnishings wholesale trade industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and dynamics of the wholesale furniture and home goods industry and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on additional survey responses.
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Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States (IPUGN4232L010000000), retrieved from FRED.