Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.20
Year-over-Year Change
15.11%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output per worker for wholesale trade of drugs and druggists' sundries (NAICS 42421) in the United States. It provides insight into productivity and efficiency within this key industry 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 Output per Worker metric tracks the inflation-adjusted value of goods and services produced per employee in the wholesale trade of pharmaceutical and related products. This data helps economists assess the health and competitiveness of the wholesale drugs and sundries industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their Industry Productivity and Unit Labor Costs program.
Historical Context
This productivity metric is used by policymakers, analysts, and industry participants to monitor trends and identify opportunities for growth and efficiency improvements.
Key Facts
- Wholesale trade of drugs and sundries accounts for over $1 trillion in annual sales in the U.S.
- Productivity in this sector has increased by 25% over the past decade.
- The U.S. is a global leader in pharmaceutical wholesale and distribution.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for wholesale trade of drugs and druggists' sundries (NAICS 42421) in the United States. It tracks the productivity and efficiency of this key industry sector.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric helps economists, policymakers, and industry participants assess the health and competitiveness of the wholesale drugs and sundries industry.
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 Industry Productivity and Unit Labor Costs program.
Q: How is this trend used in economic policy?
A: This productivity metric is used by policymakers, analysts, and industry participants to monitor trends and identify opportunities for growth and efficiency improvements.
Q: Are there update delays or limitations?
A: There may be lags of several months in the data due to the time required for collection and analysis by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States (IPUGN42421W000000000), retrieved from FRED.