Employment for Retail Trade: Pharmacies and Drug Stores (NAICS 446110) in the United States
IPUHN446110W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.27
Year-over-Year Change
-2.95%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the U.S. retail trade industry, specifically for pharmacies and drug stores. It provides insights into the labor market dynamics of this important 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 Retail Trade: Pharmacies and Drug Stores (NAICS 446110) in the United States series tracks the number of people employed in this specific retail industry. This data is useful for analyzing trends in the pharmacy and drug store labor market and understanding its economic significance.
Methodology
The data is collected through the U.S. Census Bureau's Current Employment Statistics survey.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and investors to gauge the health of the retail pharmacy sector.
Key Facts
- The U.S. pharmacy and drug store industry employs over 1 million workers.
- Employment in this sector has remained relatively stable over the past decade.
- Pharmacies and drug stores are a significant component of the broader retail trade industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels in the U.S. retail trade industry specifically for pharmacies and drug stores (NAICS 446110).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market dynamics of the pharmacy and drug store industry, which is an important component of the broader retail trade sector.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, industry analysts, and investors to gauge the health of the retail pharmacy sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the Current Employment Statistics survey.
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Citation
U.S. Federal Reserve, Employment for Retail Trade: Pharmacies and Drug Stores (NAICS 446110) in the United States (IPUHN446110W010000000), retrieved from FRED.