Employment for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
Thousands of Jobs
IPUGN4249W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
341.10
Year-over-Year Change
-4.93%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' trend measures changes in total industrial production in the U.S. manufacturing sector. It is a key indicator of economic activity and a critical data point for 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
The 'Thousands of Jobs' metric tracks the total volume of manufacturing output in the United States, including production of durable and non-durable goods. It is a widely-used barometer of the health and momentum of the U.S. industrial economy.
Methodology
The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
The 'Thousands of Jobs' trend is closely monitored by the Federal Reserve, industry analysts, and policymakers to assess the strength of the U.S. economy.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The 'Thousands of Jobs' metric has shown steady growth since the 2008-2009 recession.
- Sustained increases in this trend are associated with broader economic expansion.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total volume of manufacturing output in the United States, tracking production of both durable and non-durable goods.
Q: Why is this trend relevant for users or analysts?
A: As a key indicator of industrial activity, the 'Thousands of Jobs' metric is closely watched by policymakers, economists, and investors as a barometer of the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: The 'Thousands of Jobs' metric is a crucial input used by the Federal Reserve and other policymakers to assess the state of the U.S. industrial economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released by the Federal Reserve on a monthly basis, with a typical lag of 1-2 months from the end of the reference period.
Related Trends
Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L010000000
Labor Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234L020000000
Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251T300000000
Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239T051000000
Real Sectoral Output for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233T011000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L010000000
Citation
U.S. Federal Reserve, Thousands of Jobs (IPUGN4249W200000000), retrieved from FRED.