Output per Worker for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-73.53%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker for furniture and home furnishing merchant wholesalers in the United States. It provides insight into the productivity and efficiency of this important 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: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) data series tracks the inflation-adjusted value of goods sold per employee in this wholesaling industry. It is a key indicator of labor productivity and can inform analyses of industry competitiveness and economic performance.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment figures from the U.S. Census Bureau.
Historical Context
This productivity metric is closely watched by economists and policymakers to assess the health and competitiveness of the furniture and home furnishings wholesale trade sector.
Key Facts
- The furniture and home furnishings wholesale trade industry employs over 400,000 workers in the U.S.
- Output per worker in this sector has grown by over 25% since 2010.
- The industry accounts for nearly $150 billion in annual sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output or sales per worker for furniture and home furnishing merchant wholesalers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insight into the efficiency and competitiveness of a key consumer goods wholesale industry, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and employment figures from the U.S. Census Bureau.
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 furniture and home furnishings wholesale trade sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States (IPUGN4232W001000000), retrieved from FRED.