Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
Percent Change from Year Ago
IPUGN42421U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in industrial production for the manufacturing of household laundry equipment in the United States. This data point provides insight into the health and growth of this key manufacturing 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 'Percent Change from Year Ago' series tracks the year-over-year change in industrial production for the manufacturing of household laundry equipment. This metric is used by economists and policymakers to analyze trends in a critical consumer durable goods industry and its broader impact on the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of industrial production.
Historical Context
This economic indicator informs analysis of consumer demand, manufacturing performance, and broader macroeconomic conditions.
Key Facts
- Annual production increased 4.2% in 2021.
- Laundry equipment manufacturing accounts for 0.7% of total U.S. industrial production.
- Trend reached a low of -14.7% during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series tracks the annual percent change in industrial production for the manufacturing of household laundry equipment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of a key consumer durable goods industry, informing analysis of consumer demand, manufacturing performance, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of industrial production.
Q: How is this trend used in economic policy?
A: This economic indicator is used by economists and policymakers to analyze trends in the household laundry equipment manufacturing sector and its broader impact on the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical lag of one to two months.
Related Trends
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Hourly Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
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Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
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Labor Compensation for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN42421U101000000), retrieved from FRED.