Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
477.47
Year-over-Year Change
14.13%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total number of hours worked by employees in the wholesale trade of drugs and druggists' sundries in the United States. It provides insight into the activity and labor demand within this important 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: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States metric tracks the total number of hours worked by employees in this wholesale industry. This metric is a key indicator of production and labor market trends in the pharmaceutical and medical supply distribution channels.
Methodology
The data is collected through surveys of businesses in the wholesale trade industry.
Historical Context
This trend is used by economists and policymakers to monitor employment and productivity in the pharmaceutical supply chain.
Key Facts
- The wholesale trade of drugs and druggists' sundries accounts for over $700 billion in annual sales in the U.S.
- This industry employs over 400,000 workers across the country.
- Wholesale trade plays a critical role in distributing pharmaceuticals and medical supplies to healthcare providers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the wholesale trade of drugs and druggists' sundries (NAICS 42421) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into employment, productivity, and labor demand trends within the pharmaceutical and medical supply distribution channels, which are important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the wholesale trade industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor employment and productivity in the pharmaceutical supply chain, which can inform decisions related to healthcare, trade, and economic policy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the reference period. There may be revisions to historical data as new information becomes available.
Related Trends
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IPUGN42U100000000
Hours Worked for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L200000000
Hourly Compensation for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245U120000000
Unit Labor Costs for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241U100000000
Unit Labor Costs for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U100000000
Labor Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L021000000
Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States (IPUGN42421L200000000), retrieved from FRED.