Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,279.80
Year-over-Year Change
6.81%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the wholesale trade industry, specifically for merchant wholesalers of nondurable goods. It provides insights into the health and activity of 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 Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States metric tracks the number of people employed in the wholesale distribution of non-perishable consumer products. This data is used by economists and policymakers to assess the broader economic conditions and trends within the wholesale trade industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of business establishments.
Historical Context
This metric is closely monitored by analysts to gauge the strength of consumer demand and overall economic activity.
Key Facts
- Wholesale trade accounts for over 5% of total U.S. employment.
- Nondurable goods wholesaling makes up approximately 40% of the wholesale trade industry.
- Employment in this sector is considered a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels for merchant wholesalers of nondurable consumer goods in the United States, providing insights into the health of the wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it offers a leading indicator of broader economic conditions and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of business establishments.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge the strength of consumer demand and overall economic activity, which informs their decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
Related Trends
Unit Labor Costs for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U101000000
Labor Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L021000000
Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241T300000000
Labor Productivity for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L000000000
Labor Productivity for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L001000000
Sectoral Output for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424T301000000
Citation
U.S. Federal Reserve, Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States (IPUGN424W200000000), retrieved from FRED.