Labor Productivity for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.84
Year-over-Year Change
4.57%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States. It is an important indicator of efficiency and competitiveness within this specific wholesale industry 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: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) trend tracks changes in the ratio of real output to the number of hours worked by employees in this wholesale industry. It provides insights into the productivity and efficiency of this segment of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using established productivity measurement techniques.
Historical Context
This productivity metric is closely monitored by policymakers, industry analysts, and economic researchers to assess the competitiveness and health of the wholesale trade sector.
Key Facts
- Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) account for a significant portion of U.S. wholesale economic activity.
- Labor productivity in this sector is a key determinant of overall wholesale industry competitiveness.
- Trends in this productivity metric are closely watched by policymakers and analysts.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States. It tracks changes in the ratio of real output to the number of hours worked by employees in this wholesale industry sector.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides important insights into the efficiency and competitiveness of a significant segment of the U.S. wholesale trade industry. It is closely monitored by policymakers, industry analysts, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using established productivity measurement techniques.
Q: How is this trend used in economic policy?
A: Trends in this productivity metric are closely watched by policymakers, market analysts, and economic researchers to assess the health and competitiveness of the wholesale trade sector.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Bureau of Labor Statistics with typical lags, and may be subject to revisions over time.
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Hourly Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
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Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States (IPUGN4239L000000000), retrieved from FRED.