Hours Worked for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.75
Year-over-Year Change
-1.38%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the metal and mineral merchant wholesale industry in the United States. It provides insights into the activity and labor demand within this key economic 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: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States series tracks the total number of hours worked by employees in this wholesale industry. This data point is used by economists and policymakers to assess the health and productivity of the metal and mineral wholesale trade.
Methodology
The data is collected through surveys of businesses in the metal and mineral wholesale trade industry.
Historical Context
This trend is a key indicator of economic activity and labor market conditions in the wholesale trade sector.
Key Facts
- The series began in January 1986.
- The metal and mineral wholesale industry employs over 280,000 workers in the U.S.
- Total hours worked in this sector peaked in late 2014.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the metal and mineral merchant wholesale industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the activity and labor demand within the key metal and mineral wholesale trade sector, which is an important part of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the metal and mineral wholesale trade industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and productivity of the wholesale trade sector, which can inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published with a typical lag of 1-2 months from the reference period.
Related Trends
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IPUGN4244T301000000
Output per Worker for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249W001000000
Sectoral Output for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42T300000000
Real Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T011000000
Labor Compensation for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L021000000
Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
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Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States (IPUGN4235L010000000), retrieved from FRED.