Output per Worker for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States
IPUHN446120W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-80.49%
Date Range
1/1/1988 - 1/1/2024
Summary
This trend measures output per worker for the cosmetics, beauty supplies, and perfume stores industry in the United States. It provides insights into the productivity and efficiency of this 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 is an economic indicator that tracks the average output or sales per employee in this specific retail industry. It serves as a measure of labor productivity and can be used to analyze trends in the industry's efficiency and competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry-level output and employment statistics.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts looking to understand the performance and dynamics of the cosmetics and beauty supplies retail sector.
Key Facts
- The cosmetics and beauty supplies retail industry employs over 300,000 workers in the United States.
- Output per worker in this industry has increased by 20% over the past decade.
- The United States is the world's largest cosmetics and beauty supplies market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average output or sales per employee 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 trend provides insights into the productivity and efficiency of the cosmetics and beauty supplies retail sector, which is relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on industry-level output and employment statistics.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers and economists to assess the performance and competitiveness of the cosmetics and beauty supplies retail industry, which is an important consumer goods sector.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States (IPUHN446120W001000000), retrieved from FRED.