Hours Worked for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.18
Year-over-Year Change
6.50%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the total number of hours worked in the U.S. wholesale trade industry, providing insights into labor utilization and productivity trends.
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 trend tracks the total number of hours worked by employees in the wholesale trade sector, which encompasses a range of businesses involved in the distribution and sale of goods. This data is a key indicator of industry activity and workforce dynamics.
Methodology
The data is collected through surveys of businesses in the wholesale trade industry.
Historical Context
Policymakers and analysts monitor this trend to assess the health and performance of the wholesale trade sector and its broader implications for the U.S. economy.
Key Facts
- The wholesale trade sector accounts for over 5.5 million U.S. jobs.
- Hours worked in wholesale trade declined during the COVID-19 pandemic but have since recovered.
- Wholesale trade is a leading indicator of broader economic activity.
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, which includes businesses involved in the distribution and sale of goods.
Q: Why is this trend relevant for users or analysts?
A: The Hours Worked for Wholesale Trade trend provides insights into labor utilization and productivity in a key economic sector, offering important signals about the overall health and performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the wholesale trade industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the state of the wholesale trade sector and its broader implications for the U.S. economy, informing decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a slight delay in reporting compared to real-time economic conditions.
Related Trends
Real Sectoral Output for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T010000000
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T050000000
Real Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425T011000000
Sectoral Output for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T301000000
Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239T050000000
Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241T300000000
Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States (IPUGN42L010000000), retrieved from FRED.