Output per Worker for Retail Trade: Automotive Parts and Accessories Stores (NAICS 44131) in the United States
IPUHN44131W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-218.18%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output per worker for automotive parts and accessories stores in the United States retail trade sector. It provides insights into productivity and efficiency within this specific 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 Output per Worker for Retail Trade: Automotive Parts and Accessories Stores (NAICS 44131) in the United States metric tracks the real output (sales adjusted for inflation) per employee in this retail subsector. It serves as an indicator of labor productivity and operational performance.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment figures reported by businesses.
Historical Context
This trend is useful for analyzing market conditions, competitive dynamics, and policy impacts within the automotive parts and accessories retail industry.
Key Facts
- Retail accounts for over 10% of total U.S. employment.
- Automotive parts stores make up a significant subsector within retail.
- Productivity trends can impact pricing, wages, and industry profitability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output (sales adjusted for inflation) per employee in the automotive parts and accessories stores subsector of the U.S. retail trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and operational efficiency within the automotive parts retail market, which is useful for analyzing industry conditions and performance.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this trend using production and employment data reported by businesses in the automotive parts and accessories retail subsector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess market dynamics, competitive pressures, and the potential impact of economic policies on the automotive parts retail industry.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with typical lags of 1-2 months. There may be revisions to historical data based on updated source information.
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Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Automotive Parts and Accessories Stores (NAICS 44131) in the United States (IPUHN44131W001000000), retrieved from FRED.