Labor Productivity for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
16.22%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor productivity for wholesale trade in hardware, plumbing, and heating equipment 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 for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States tracks the output per hour worked in the wholesale distribution of these products. It provides insights into productivity changes and operational efficiency within this industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this metric to assess the health and competitiveness of the wholesale trade sector.
Key Facts
- The base year for this index is 2012 = 100.
- Wholesale trade accounts for over $6 trillion in annual U.S. economic activity.
- Productivity growth in this sector can impact consumer prices and business competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity, or output per hour worked, for the wholesale trade of hardware, plumbing, and heating equipment and supplies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the efficiency and competitiveness of a key wholesale trade sector, which has broad implications for consumers, businesses, and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this productivity metric to assess the health and competitiveness of the wholesale trade sector, which can inform decisions around trade, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several weeks, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States (IPUGN4237L001000000), retrieved from FRED.