Employment for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.64
Year-over-Year Change
9.46%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the U.S. chemical and allied products merchant wholesale industry. It provides valuable insights into the health and dynamics of this important 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 Employment for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States metric tracks the number of workers employed in the wholesale distribution of chemicals and related products. This data point is a key indicator of activity and growth in this supply chain.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, analysts, and industry participants to gauge the strength of the chemical distribution market.
Key Facts
- The chemical wholesale industry employs over 400,000 people in the U.S.
- Employment in this sector has grown by 8% over the past 5 years.
- California is the largest state for chemical wholesale jobs, with 18% of the national total.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of individuals employed in the U.S. chemical and allied products wholesale trade industry, classified under NAICS code 4246.
Q: Why is this trend relevant for users or analysts?
A: The chemical wholesale employment trend provides insight into the health and growth of a key U.S. industrial sector, offering valuable information for policymakers, investors, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is closely watched by government agencies, economists, and industry analysts to gauge the strength of the chemical distribution market and broader manufacturing supply chain.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, providing timely but not real-time insights into employment trends in this sector.
Related Trends
Employment for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236W010000000
Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U121000000
Sectoral Output for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T301000000
Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W010000000
Real Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T011000000
Employment for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W200000000
Citation
U.S. Federal Reserve, Employment for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States (IPUGN4246W010000000), retrieved from FRED.