Employment for Retail Trade: Convenience Stores (NAICS 44512) in the United States
IPUHN44512W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.32
Year-over-Year Change
-3.22%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the retail trade sector, specifically convenience stores (NAICS 44512) in the United States. It is a key indicator of consumer demand and economic activity in the retail 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 employment trend for retail trade: convenience stores (NAICS 44512) in the U.S. provides insight into the labor dynamics of this important retail subsector. It is used by economists, policymakers, and industry analysts to gauge the health and direction of the broader retail landscape.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
This trend is closely watched for its implications on consumer spending and broader economic conditions.
Key Facts
- Convenience stores account for over 150,000 retail establishments in the U.S.
- Employment in this sector has steadily increased since the Great Recession.
- Convenience stores employ over 1 million workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the retail trade sector, specifically convenience stores (NAICS 44512) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the labor dynamics of the convenience store industry, which is an important component of the broader retail landscape. It is used to gauge consumer demand and economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists, policymakers, and industry analysts for its implications on consumer spending and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Sectoral Output for Retail Trade: Direct Selling Establishments (NAICS 4543) in the United States
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Output per Worker for Retail Trade: Used Merchandise Stores (NAICS 453310) in the United States
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Citation
U.S. Federal Reserve, Employment for Retail Trade: Convenience Stores (NAICS 44512) in the United States (IPUHN44512W010000000), retrieved from FRED.