Labor Productivity for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States
IPUHN446120L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.50
Year-over-Year Change
52.96%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the U.S. retail trade industry for cosmetics, beauty supplies, and perfume stores. It provides insights into the efficiency and competitiveness of this important consumer 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 Labor Productivity for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States series tracks the output per hour worked in this specific retail subsector. It serves as a key indicator of industry performance and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their productivity and cost program.
Historical Context
This metric is closely monitored by economists, industry analysts, and policymakers to assess the health and competitiveness of the cosmetics and beauty retail market.
Key Facts
- This metric has increased by over 25% since 2010.
- Productivity growth in this sector outpaced the overall retail industry average.
- Cosmetics and beauty stores employ over 1 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. retail trade industry for cosmetics, beauty supplies, and perfume stores (NAICS 446120).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and competitiveness of an important consumer sector, informing economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their productivity and cost program.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, industry analysts, and policymakers to assess the health and competitiveness of the cosmetics and beauty retail market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States (IPUHN446120L000000000), retrieved from FRED.