Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261.00
Year-over-Year Change
17.46%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the wholesale trade of drugs and druggists' sundries (NAICS 424210) in the United States. It provides valuable insights into the labor dynamics of a critical sector supplying pharmaceutical and related products.
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 trend for NAICS 424210 Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers tracks the number of workers in this specialized wholesaling industry. It offers important context for understanding supply chain pressures, inventory management, and distribution channels for pharmaceutical and medical products.
Methodology
The data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
Economists and policymakers closely monitor this employment trend to assess the health and competitiveness of the pharmaceutical supply chain.
Key Facts
- This industry includes merchants who sell drugs, drug proprietaries, and druggists' sundries.
- Over 350,000 people were employed in this sector as of the latest data.
- Employment in this industry has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the wholesale trade of drugs and druggists' sundries (NAICS 424210) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor dynamics of a critical sector supplying pharmaceutical and related products, offering context for understanding supply chain pressures and distribution channels.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this employment trend to assess the health and competitiveness of the pharmaceutical supply chain.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with some lag from the reference period.
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IPUGN4251U101000000
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Citation
U.S. Federal Reserve, Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States (IPUGN424210W200000000), retrieved from FRED.