Output per Worker for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.22
Year-over-Year Change
-10.41%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures productivity in the wholesale trade of apparel, piece goods, and notions. It is an important indicator of efficiency and competitiveness in 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 real output (sales volume adjusted for inflation) per employee in the wholesale trade of apparel, piece goods, and notions. This reflects the industry's ability to leverage technology and optimize operations to enhance productivity.
Methodology
The data is calculated by the U.S. Federal Reserve using employment figures and inflation-adjusted sales data.
Historical Context
Output per Worker is used by policymakers and analysts to assess the health and competitiveness of the wholesale trade industry.
Key Facts
- The wholesale trade industry employs over 1 million workers in the U.S.
- Apparel, piece goods, and notions account for over $200 billion in annual wholesale revenue.
- Output per worker has increased by 25% in this industry over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output (sales volume adjusted for inflation) per employee in the wholesale trade of apparel, piece goods, and notions.
Q: Why is this trend relevant for users or analysts?
A: Output per Worker is an important indicator of productivity and competitiveness in this key industry sector, providing insights into operational efficiency.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric using employment figures and inflation-adjusted sales data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use Output per Worker to assess the health and competitiveness of the wholesale trade industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States (IPUGN4243W000000000), retrieved from FRED.