Labor Productivity for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States
IPUHN44711L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-81.82%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor productivity for gasoline stations with convenience stores in the United States. It provides valuable insights into the operational efficiency and productivity of this critical 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 Labor Productivity for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States metric tracks the output per hour worked in this specific retail segment. It is a key indicator of productivity and economic performance within the broader gasoline and convenience store industry.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics using a variety of economic surveys and production measures.
Historical Context
Policymakers and market analysts closely monitor this trend to understand broader trends in the retail trade and energy sectors.
Key Facts
- Gasoline stations with convenience stores make up a significant portion of the U.S. retail trade sector.
- Monitoring productivity in this industry provides insights into operational efficiency and cost structures.
- The data is seasonally adjusted to account for cyclical variations in consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for the specific retail segment of gasoline stations with convenience stores in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the operational efficiency and productivity of a critical part of the retail trade and energy sectors, which is of interest to policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using economic surveys and production measures.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to understand broader trends in the retail trade and energy sectors, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the statistical agencies responsible for its collection and publication.
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Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States (IPUHN44711L001000000), retrieved from FRED.