Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.65
Year-over-Year Change
14.13%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator tracks the number of hours worked by employees in the wholesale trade of drugs and druggists' sundries in the United States. It provides insights into the labor dynamics and productivity of this key industry segment.
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 4242) in the United States series measures the total number of hours worked by employees in this wholesale trade industry. It is an important metric for understanding labor market conditions and productivity trends in the pharmaceutical and medical supply distribution sector.
Methodology
The data is collected through surveys of businesses in the wholesale trade industry.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the pharmaceutical supply chain.
Key Facts
- The wholesale trade of drugs and druggists' sundries is a major industry in the United States.
- Hours worked in this sector can indicate changes in labor demand and distribution operations.
- Monitoring this trend provides insights into the pharmaceutical supply chain and economic conditions.
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 4242) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market conditions, productivity, and the overall health of the pharmaceutical supply chain in the United States.
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 closely monitored by economists, policymakers, and industry analysts to assess the outlook and dynamics of the pharmaceutical distribution sector.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have update delays due to the survey-based collection methodology.
Related Trends
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L000000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L000000000
Employment for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246W010000000
Hourly Compensation for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233U121000000
Labor Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L020000000
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 4242) in the United States (IPUGN4242L010000000), retrieved from FRED.