Hours Worked for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
601.99
Year-over-Year Change
27.99%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total number of hours worked by employees at wholesale trade businesses for hardware, plumbing, and heating equipment and supplies in the United States. It provides insight into the activity and labor demand in this key sector of the economy.
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: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) trend tracks the total labor input for this wholesale industry. It is a valuable indicator of production, distribution, and overall economic conditions within this important wholesale segment.
Methodology
The data is collected through surveys of businesses in this industry classification by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health and outlook of the wholesale trade industry and broader economy.
Key Facts
- This series dates back to 1972.
- The wholesale hardware and plumbing industry employs over 400,000 workers.
- Hours worked is a leading indicator of production and sales in this sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees at wholesale trade businesses for 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 valuable insight into the activity and labor demand within this key wholesale trade industry, which is an important indicator of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry classification by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and market analysts to assess the health and outlook of the wholesale trade industry and broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions over time.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T051000000
Sectoral Output Price Deflator for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T050000000
Labor Productivity for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L001000000
Unit Labor Costs for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U101000000
Hours Worked for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243L200000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W001000000
Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States (IPUGN4237L200000000), retrieved from FRED.