Hours Worked for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.63
Year-over-Year Change
-6.46%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the wholesale trade industry for miscellaneous nondurable goods merchant wholesalers in the United States. It provides insights into the level of economic activity and labor demand in 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 Hours Worked for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States is a key indicator used by economists and policymakers to assess the health and dynamics of the wholesale trade industry. It reflects the overall labor input and production capacity in this segment of the economy.
Methodology
This data is collected by the U.S. Federal Reserve through surveys of businesses in the wholesale trade industry.
Historical Context
Trends in this indicator are closely monitored by analysts to understand broader economic conditions and inform policy decisions.
Key Facts
- The wholesale trade industry accounts for over 5% of U.S. GDP.
- Miscellaneous nondurable goods include products like paper, chemicals, and plastics.
- This indicator has declined during economic recessions but rebounded in subsequent recoveries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the wholesale trade industry for miscellaneous nondurable goods merchant wholesalers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of economic activity and labor demand in the wholesale trade industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of businesses in the wholesale trade industry.
Q: How is this trend used in economic policy?
A: Trends in this indicator are closely monitored by analysts and policymakers to understand broader economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Real Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T011000000
Unit Labor Costs for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U100000000
Hours Worked for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L200000000
Labor Compensation for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L021000000
Output per Worker for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249W001000000
Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T050000000
Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States (IPUGN4249L010000000), retrieved from FRED.