Labor Productivity for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.40
Year-over-Year Change
-4300.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor productivity for wholesale trade in the apparel, piece goods, and notions sector in the United States. It is a key indicator of industry efficiency and competitiveness.
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 labor productivity index tracks changes in the ratio of real output to hours worked for this wholesale subsector. Economists and policymakers use this metric to assess the productivity and competitiveness of this industry within the broader wholesale trade landscape.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This productivity trend provides insights into the health and evolution of a vital component of the U.S. wholesale and retail supply chain.
Key Facts
- The base year for this index is 2012.
- Productivity in this sector has risen by over 10% since 2010.
- Wholesale trade accounts for over 5% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for wholesale trade in the apparel, piece goods, and notions sector in the United States. It tracks changes in the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the efficiency and competitiveness of a key component of the U.S. wholesale and retail supply chain.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this productivity index to assess the health and evolution of the apparel wholesale industry and its role in the broader economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States (IPUGN4243L001000000), retrieved from FRED.