Output per Worker for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.30
Year-over-Year Change
-533.33%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker for chemical and allied products merchant wholesalers in the United States. It provides insights into productivity and efficiency in this key wholesale trade 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: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States tracks the inflation-adjusted value of goods and services produced per worker in this wholesaling industry. It is a useful indicator of labor productivity and a key measure for analyzing performance and competitiveness in this important distribution channel.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment survey information.
Historical Context
Policymakers and industry analysts closely monitor this trend to understand dynamics in the chemical products wholesale market.
Key Facts
- Wholesale trade is a key part of the U.S. economy.
- Chemical products are a major category of wholesale goods.
- Productivity trends in this sector can signal broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for chemical and allied products merchant wholesalers in the United States. It tracks the inflation-adjusted value of goods and services produced per employee in this wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the efficiency and competitiveness of a critical wholesale trade sector. It is closely monitored by policymakers and industry analysts to understand broader economic conditions and market dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment survey information.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand productivity and competitiveness in the chemical wholesale market, which can inform decisions around trade, regulation, and economic development policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric may not capture all aspects of productivity in this industry. Users should consult source documentation for the latest information on potential limitations.
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States (IPUGN4246W001000000), retrieved from FRED.