Hours Worked for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
408.52
Year-over-Year Change
13.73%
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 beer, wine, and distilled alcoholic beverages. It provides insights into productivity and labor demand in this key consumer goods 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: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) trend tracks changes in total labor input for this wholesale industry. It is a valuable indicator of economic activity and market conditions in the alcoholic beverage supply chain.
Methodology
The data is collected through monthly surveys of U.S. businesses in this industry sector.
Historical Context
This trend is closely watched by economists, industry analysts, and policymakers to gauge the health of the alcoholic beverage wholesale market.
Key Facts
- Beer, wine, and liquor wholesaling is a $170 billion industry in the U.S.
- This sector employs over 150,000 workers nationwide.
- Total hours worked peaked in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the U.S. wholesale trade industry for beer, wine, and distilled alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into productivity and labor demand in the alcoholic beverage supply chain, which is a key consumer goods sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses in this industry sector.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists, industry analysts, and policymakers to gauge the health of the alcoholic beverage wholesale market.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States (IPUGN4248L200000000), retrieved from FRED.