Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
Thousands of Jobs
IPUGN4242W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261.00
Year-over-Year Change
17.46%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' trend measures changes in the number of employment positions in the U.S. manufacturing sector. It is a key economic indicator monitored by policymakers and analysts.
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
This series tracks the total number of jobs in manufacturing industries across the United States, reported in thousands. It provides insight into the overall health and productivity of the manufacturing economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Thousands of Jobs' trend is widely used to assess the state of the U.S. economy and inform policy decisions.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. has lost over 5 million manufacturing jobs since 2000.
- Manufacturing productivity has increased by over 50% since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total number of employment positions in the U.S. manufacturing sector, reported in thousands.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a key driver of the U.S. economy, and changes in employment levels provide important insights into economic performance and productivity.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Thousands of Jobs' trend is closely monitored by policymakers and economists to assess the health of the manufacturing industry and inform economic policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a lag of approximately one month between the reference period and the release date.
Related Trends
Real Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T010000000
Labor Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U110000000
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L020000000
Labor Productivity for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L001000000
Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W201000000
Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T010000000
Citation
U.S. Federal Reserve, Thousands of Jobs (IPUGN4242W200000000), retrieved from FRED.