Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
-171.76%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output per worker for wholesale trade of drugs and druggists' sundries in the United States. It provides insights into the productivity of this key industry.
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 Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States tracks the productivity of this wholesale sector. It is an important indicator of economic conditions and efficiency in the pharmaceutical and healthcare supply chain.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through surveys of wholesale trade establishments.
Historical Context
Economists and policymakers use this trend to assess the performance and competitiveness of the pharmaceutical wholesale industry.
Key Facts
- The pharmaceutical wholesale industry accounts for over $500 billion in annual revenue.
- This sector has seen steady productivity growth over the past decade.
- The U.S. is a global leader in pharmaceutical wholesale and distribution.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for wholesale trade of drugs and druggists' sundries in the United States. It provides a gauge of productivity in this key industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic conditions and efficiency in the pharmaceutical and healthcare supply chain, which is crucial for assessing the competitiveness of the industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of wholesale trade establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the performance and competitiveness of the pharmaceutical wholesale industry, which has important implications for healthcare costs and access.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a lag of several weeks due to the survey collection process.
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States (IPUGN42421W001000000), retrieved from FRED.