Hours Worked for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.84
Year-over-Year Change
7.63%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the U.S. wholesale trade industry for grocery and related product wholesalers. It provides insights into labor market dynamics and production capacity within this key economic sector.
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: Grocery and Related Product Wholesalers (NAICS 4244) in the United States metric tracks the total number of hours logged by workers in this wholesale subsector. It is a useful indicator of production and labor utilization trends for this important component of the broader wholesale trade industry.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the Federal Reserve.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the wholesale grocery supply chain.
Key Facts
- The wholesale grocery sector accounts for over $6 trillion in annual sales in the U.S.
- Grocery wholesalers employ more than 1 million workers nationwide.
- Hours worked data provides insights into production capacity and labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of hours worked by employees in the U.S. wholesale trade industry for grocery and related product wholesalers (NAICS 4244).
Q: Why is this trend relevant for users or analysts?
A: The hours worked data provides valuable insights into labor market dynamics, production capacity, and the overall health of the wholesale grocery supply chain.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and compiled by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and industry analysts to assess the outlook for the wholesale grocery sector and broader supply chain.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into this important economic sector.
Related Trends
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IPUGN4246L000000000
Labor Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243L020000000
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421U100000000
Labor Compensation for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
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Hours Worked for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L010000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
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Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States (IPUGN4244L010000000), retrieved from FRED.