Output per Worker for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-1500.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker in the wholesale trade industry, specifically for merchant wholesalers of nondurable goods in the United States. It provides insight into productivity and efficiency trends within this important 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 Output per Worker for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) measure tracks the real output per worker in this subsector of the wholesale trade industry. It is a key indicator of productivity and can inform economic analysis and policymaking.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using industry production and employment statistics.
Historical Context
This metric is used by economists, analysts, and policymakers to assess the performance and competitiveness of the wholesale trade industry.
Key Facts
- The wholesale trade industry is a major component of the U.S. economy.
- Nondurable goods account for a significant portion of wholesale trade activity.
- Productivity trends in this sector can indicate broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output per worker in the wholesale trade industry, specifically for merchant wholesalers of nondurable goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into productivity and efficiency trends within the wholesale trade industry, which is an important component of the U.S. economy. It can inform economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using industry production and employment statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists, analysts, and policymakers to assess the performance and competitiveness of the wholesale trade industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of Federal Reserve economic indicators.
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IPUGN4246U101000000
Labor Productivity for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423L001000000
Hours Worked for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
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IPUGN4233T301000000
Sectoral Output Price Deflator for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States (IPUGN424W001000000), retrieved from FRED.