Output per Worker for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 44612) in the United States
IPUHN44612W001000000 • 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 economic indicator measures output per worker in the cosmetics, beauty supplies, and perfume stores industry in the United States. It provides insights into productivity and efficiency trends within 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 44612) metric tracks the inflation-adjusted value of goods and services produced per worker in this industry. It is an important measure of labor productivity that can inform business strategy and policymaking.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment figures from the U.S. Census Bureau.
Historical Context
This productivity trend is closely watched by industry analysts, retailers, and policymakers to gauge the competitiveness and health of the cosmetics and beauty supplies market.
Key Facts
- The cosmetics and beauty supplies industry accounts for over $50 billion in annual retail sales in the U.S.
- Output per worker in this sector has grown by 25% over the past decade.
- The industry employs over 300,000 workers across the United States.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real (inflation-adjusted) output 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 provides insight into the efficiency and competitiveness of the cosmetics and beauty retail sector, which is an important part of the consumer goods market.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric using production and employment data from the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this productivity trend to gauge the health and competitiveness of the cosmetics and beauty supplies market, which can inform trade, regulatory, and economic development policies.
Q: Are there update delays or limitations?
A: This data is published with a lag of 1-2 months and may be subject to minor revisions over time as more complete 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 44612) in the United States (IPUHN44612W001000000), retrieved from FRED.