Hours Worked for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States
IPUHN446120L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245.52
Year-over-Year Change
27.35%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator tracks the number of hours worked in cosmetics, beauty supplies, and perfume stores in the United States. It provides insights into the health and activity of this retail subsector.
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 Hours Worked for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) series measures the total number of hours worked by employees in this retail industry. It is an important indicator of labor demand and productivity within the personal care products segment.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to assess the state of the retail industry and consumer spending patterns.
Key Facts
- This series began in January 2006.
- Cosmetics and beauty stores employ over 1 million workers in the U.S.
- Hours worked peaked in the retail sector in late 2019 before the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of hours worked by employees in cosmetics, beauty supplies, and perfume stores, part of the broader retail trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor demand and productivity within the personal care products retail segment, which is an important part of the overall consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the state of the retail industry and consumer spending patterns, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Hours Worked for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States (IPUHN446120L200000000), retrieved from FRED.