Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.10
Year-over-Year Change
-165.96%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the furniture and home furnishings wholesale trade industry in the United States. It provides insights into the production and demand dynamics within this important retail 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: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States indicator tracks the total number of labor hours contributed by workers in this wholesale subsector. It serves as a leading indicator of consumer demand and can signal broader trends in the home furnishings and decor markets.
Methodology
The data is collected through surveys of businesses in the NAICS 4232 industry classification.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to monitor the health of the furniture and home goods supply chain.
Key Facts
- The furniture and home furnishings wholesale sector employs over 400,000 workers in the U.S.
- Hours worked in this industry have remained relatively flat since the 2008 financial crisis.
- Wholesale trade accounts for nearly 6% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of labor hours contributed by employees in the furniture and home furnishings wholesale trade industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into production and demand dynamics within the furniture and home goods supply chain, serving as a leading indicator of consumer spending in these categories.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the NAICS 4232 industry classification.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and industry analysts to monitor the health of the furniture and home goods supply chain and make informed decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month delay.
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IPUGN4244U100000000
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Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States (IPUGN4232L201000000), retrieved from FRED.