Hours Worked for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.55
Year-over-Year Change
-0.29%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the U.S. wholesale trade industry for farm product raw material merchant wholesalers (NAICS 4245). It provides insights into the labor market and production capacity within this key agricultural supply chain 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 Hours Worked for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States metric tracks the total number of hours worked by employees in this specific wholesale trade industry. It serves as an indicator of production, labor demand, and economic activity within the agricultural raw materials supply chain.
Methodology
This data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the health and productivity of the farm product raw materials wholesale sector.
Key Facts
- The wholesale trade industry accounts for over $6 trillion in annual U.S. economic activity.
- Farm product raw material merchant wholesalers (NAICS 4245) comprise a key link in the agricultural supply chain.
- Total hours worked is a leading indicator of production capacity and labor market trends in this sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the U.S. wholesale trade industry for farm product raw material merchant wholesalers (NAICS 4245).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market, production capacity, and economic activity within the agricultural raw materials supply chain, which is a key sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health and productivity of the farm product raw materials wholesale sector, which has implications for agricultural markets and the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to typical survey collection and reporting lags, with a delay of approximately one month between the reference period and public release.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251T050000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L000000000
Labor Productivity for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L000000000
Hourly Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U120000000
Hours Worked for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L201000000
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T050000000
Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States (IPUGN4245L010000000), retrieved from FRED.