Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.59
Year-over-Year Change
17.46%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the wholesale trade industry for drugs and druggists' sundries merchant wholesalers. It provides important insights into the health and activity of this key sector of the U.S. 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 Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States trend tracks the number of individuals employed in this wholesale distribution industry, which includes firms that sell a variety of pharmaceutical and personal care products to retailers, institutions, and other businesses.
Methodology
The data is collected through monthly surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by economists, policymakers, and industry analysts to assess economic conditions and growth in the pharmaceutical and healthcare supply chain.
Key Facts
- This industry employs over 350,000 workers in the U.S.
- Employment has grown by 10% over the past 5 years.
- Wholesale drug distribution is a $500 billion industry in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels in the wholesale trade industry for drugs and druggists' sundries merchant wholesalers (NAICS 42421) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is closely watched by economists, policymakers, and industry analysts to assess economic conditions and growth in the pharmaceutical and healthcare supply chain.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend provides insights into the health of the pharmaceutical and healthcare distribution industry, which is an important component of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay.
Related Trends
Labor Productivity for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L001000000
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210U100000000
Unit Labor Costs for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247U101000000
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242U100000000
Hourly Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U121000000
Hours Worked for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L201000000
Citation
U.S. Federal Reserve, Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States (IPUGN42421W010000000), retrieved from FRED.