Output per Worker for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States
IPUHN446120W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.55
Year-over-Year Change
35.11%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the output per worker in the cosmetics, beauty supplies, and perfume stores industry in the United States. It provides insights into productivity trends within this important retail 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 Output per Worker for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States tracks labor productivity by measuring the real output generated per worker in this retail industry. This metric is useful for analyzing efficiency and competitiveness within the cosmetics and beauty products sector.
Methodology
The data is calculated by the U.S. Federal Reserve using information on output and employment levels in this industry.
Historical Context
This productivity metric is closely monitored by economists and policymakers to assess the health and competitiveness of the retail cosmetics industry.
Key Facts
- Retail cosmetics industry employs over 300,000 workers in the U.S.
- Output per worker has grown by 25% over the past decade.
- The U.S. is the world's largest cosmetics market, valued at over $90 billion.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real output generated per worker in the cosmetics, beauty supplies, and perfume stores industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is closely watched by economists and policymakers to assess the efficiency and competitiveness of the retail cosmetics industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using information on output and employment levels in this industry.
Q: How is this trend used in economic policy?
A: This productivity indicator is used by markets, economists, and institutions to monitor the health and growth of the important retail cosmetics sector.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into this industry's performance.
Related Trends
Unit Labor Costs for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120U101000000
Output per Worker for Retail Trade: Sporting Goods Stores (NAICS 45111) in the United States
IPUHN45111W001000000
Real Sectoral Output for Retail Trade: Floor Covering Stores (NAICS 44221) in the United States
IPUHN44221T011000000
Output per Worker for Retail Trade: Sporting Goods, Hobby, Book, and Music Stores (NAICS 451) in the United States
IPUHN451W000000000
Hourly Compensation for Retail Trade: Family Clothing Stores (NAICS 448140) in the United States
IPUHN448140U121000000
Unit Labor Costs for Retail Trade: Retail Trade (NAICS 44,45) in the United States
IPUHN4445U100000000
Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States (IPUHN446120W000000000), retrieved from FRED.