Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
-171.76%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output per worker in the wholesale trade industry for drugs and druggists' sundries merchant wholesalers (NAICS 4242) in the United States. It provides insights into productivity and efficiency 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 Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States tracks the ratio of total output to the number of workers in this wholesale industry. It is an important indicator of productivity and can be used to assess the relative efficiency of this sector over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using production and employment information from industry surveys.
Historical Context
This trend is closely monitored by policymakers and market analysts to understand broader economic conditions and productivity trends in the pharmaceutical and healthcare distribution industries.
Key Facts
- The wholesale trade industry for drugs and druggists' sundries is a key component of the U.S. healthcare supply chain.
- Output per worker in this sector has shown steady growth over the past decade, reflecting gains in productivity.
- Monitoring this trend can provide insights into the efficiency and competitiveness of the pharmaceutical distribution industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the wholesale trade industry for drugs and druggists' sundries merchant wholesalers (NAICS 4242) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into productivity and efficiency within the key pharmaceutical distribution sector, which is important for understanding broader economic conditions and industry competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using production and employment information from industry surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and market analysts to understand productivity trends in the pharmaceutical and healthcare distribution industries, which have important implications for the broader economy.
Q: Are there update delays or limitations?
A: There may be some time lags in the availability of this data, as it is dependent on the collection and processing of industry survey information.
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States (IPUGN4242W001000000), retrieved from FRED.