Employment for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,484.00
Year-over-Year Change
13.87%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the U.S. wholesale trade industry, specifically for merchant wholesalers of durable goods. It provides insights into the health and activity of this critical 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 'Employment for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423)' indicator tracks the number of people employed in the wholesale trade of durable goods, a key component of the broader U.S. economy. It is used by economists and policymakers to assess the strength of this distribution channel.
Methodology
The data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This employment trend is an important barometer for monitoring economic conditions and informing policy decisions.
Key Facts
- Wholesale trade accounts for over 5% of total U.S. employment.
- Durable goods represent about 60% of wholesale trade activity.
- Employment in this sector tends to lag broader economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the wholesale trade of durable goods, such as machinery, equipment, and hardware, across the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment indicator provides insights into the health and activity of the wholesale trade industry, which is a crucial part of the broader U.S. economy. It is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to monitor economic conditions and inform decisions related to fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Output per Worker for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231W000000000
Output per Worker for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425W000000000
Hourly Compensation for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245U120000000
Hours Worked for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L200000000
Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425T300000000
Employment for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244W200000000
Citation
U.S. Federal Reserve, Employment for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) (IPUGN423W200000000), retrieved from FRED.