Employment for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
268.90
Year-over-Year Change
37.19%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the wholesale trade of lumber and other construction materials in the United States. It provides insights into the health and activity of this crucial industry, which supplies materials for construction and infrastructure projects.
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 Employment for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States trend tracks the number of people employed in the wholesale distribution of construction materials. This metric is used by economists and policymakers to gauge the state of the construction industry and broader economic conditions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This employment trend is closely watched by construction firms, building material suppliers, and government agencies to inform investment and policy decisions.
Key Facts
- The construction materials wholesale industry employs over 300,000 people in the U.S.
- Employment in this sector has grown by 10% over the past 5 years.
- Lumber and drywall are the top-selling products for construction materials wholesalers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the wholesale distribution of lumber, drywall, and other construction materials in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the health and activity of the construction industry, which is a key driver of broader economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses in the construction materials wholesale trade.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies monitor this employment trend to inform decisions about infrastructure investment, housing policy, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Employment for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States (IPUGN4233W200000000), retrieved from FRED.