Labor Productivity for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.37
Year-over-Year Change
14.26%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity for wholesale trade of beer, wine, and distilled alcoholic beverages in the United States. It is a key indicator of efficiency and competitiveness for this important industry.
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 Labor Productivity for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States measures the output per hour worked for this wholesale subsector. It provides insights into the productivity and operational efficiency of businesses that distribute alcoholic beverages to retailers and other customers.
Methodology
The data is calculated by the U.S. Federal Reserve based on production and hours worked statistics.
Historical Context
This productivity metric is used by policymakers, economists, and industry analysts to monitor the health and competitiveness of the alcoholic beverage wholesale sector.
Key Facts
- The data series began in 1987.
- The wholesale alcoholic beverage industry employs over 280,000 workers in the U.S.
- Labor productivity growth in this sector impacts consumer prices and business profitability.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity, or output per hour worked, for wholesale trade of beer, wine, and distilled alcoholic beverages in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the efficiency and competitiveness of the alcoholic beverage wholesale industry, which is an important sector for the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on production and hours worked statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this productivity metric to monitor the health and competitiveness of the alcoholic beverage wholesale sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States (IPUGN4248L000000000), retrieved from FRED.