Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.59
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 4242) in the United States. It provides insight into the health and activity of the pharmaceutical distribution industry.
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 for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States trend tracks the number of people employed in the wholesale distribution of pharmaceutical and related products. This metric is used by economists and policymakers to assess the strength of the healthcare supply chain.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This employment trend helps inform economic and healthcare policy decisions.
Key Facts
- Employment in this sector has grown steadily over the past decade.
- The pharmaceutical industry is a major component of the U.S. economy.
- Wholesale drug distribution plays a vital role in healthcare supply chains.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the wholesale trade of drugs and druggists' sundries (NAICS 4242) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of the pharmaceutical distribution industry, which is an important component of the healthcare supply chain.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend helps inform economic and healthcare policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delays.
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Hourly Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
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Citation
U.S. Federal Reserve, Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States (IPUGN4242W010000000), retrieved from FRED.