Hours Worked for Retail Trade: Beer, Wine, and Liquor Stores (NAICS 44531) in the United States
IPUHN44531L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-113.51%
Date Range
1/1/1988 - 1/1/2024
Summary
The Hours Worked for Retail Trade: Beer, Wine, and Liquor Stores (NAICS 44531) in the United States measures the total number of hours worked by employees in this retail sector. This metric provides insight into the productivity and labor demand within the alcoholic beverage 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
This series tracks the total number of hours worked by employees in beer, wine, and liquor stores in the United States. It is a useful indicator of activity and labor utilization within this retail subsector, which can inform analyses of consumer spending, industry trends, and broader macroeconomic conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this series to gauge the health and performance of the alcoholic beverage retail industry and its relationship to the broader economy.
Key Facts
- Alcoholic beverage retail stores employ over 500,000 workers in the U.S.
- Total hours worked in this sector declined during the 2008-2009 recession.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in beer, wine, and liquor stores (NAICS 44531) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and labor demand within the alcoholic beverage retail industry, which can inform analyses of consumer spending, industry trends, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this series to gauge the health and performance of the alcoholic beverage retail industry and its relationship to the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with no significant update delays.
Related Trends
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IPUHN44719T010000000
Hourly Compensation for Retail Trade: Sporting Goods Stores (NAICS 45111) in the United States
IPUHN45111U121000000
Real Sectoral Output for Retail Trade: Office Supplies, Stationery, and Gift Stores (NAICS 4532) in the United States
IPUHN4532T010000000
Sectoral Output for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States
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Output per Worker for Retail Trade: Other Direct Selling Establishments (NAICS 454390) in the United States
IPUHN454390W001000000
Citation
U.S. Federal Reserve, Hours Worked for Retail Trade: Beer, Wine, and Liquor Stores (NAICS 44531) in the United States (IPUHN44531L201000000), retrieved from FRED.