Labor Productivity for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.00
Year-over-Year Change
-287.50%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor productivity for wholesale trade of miscellaneous nondurable goods in the United States. It is an important indicator of efficiency and competitiveness in this key 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 labor productivity trend for NAICS 4249 (Miscellaneous Nondurable Goods Merchant Wholesalers) reflects the output per hour worked in this wholesale subsector. It provides insights into the productivity and efficiency of the distribution and logistics for a range of consumer and industrial products.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and employment figures.
Historical Context
This productivity metric is closely watched by economists, market analysts, and policymakers to assess the health and competitiveness of the wholesale trade industry.
Key Facts
- Wholesale trade accounts for over 5% of U.S. GDP.
- Productivity growth in this sector is linked to broader economic competitiveness.
- Miscellaneous nondurables include a wide range of consumer and industrial products.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for the wholesale trade of miscellaneous nondurable goods in the United States, as defined by NAICS code 4249.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the efficiency and competitiveness of a key sector of the U.S. economy, with implications for economic growth, inflation, and trade.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and employment figures for the NAICS 4249 wholesale trade subsector.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this productivity indicator to assess the health and competitiveness of the wholesale trade industry, which has broader implications for the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to regular updates from the Bureau of Labor Statistics, but may have a several month delay compared to the current period.
Related Trends
Sectoral Output for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T300000000
Hours Worked for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L010000000
Output per Worker for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42W000000000
Sectoral Output Price Deflator for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424T050000000
Hours Worked for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248L200000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421U110000000
Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States (IPUGN4249L001000000), retrieved from FRED.