Labor Productivity for Retail Trade: Men's Clothing Stores (NAICS 44811) in the United States
IPUHN44811L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.10
Year-over-Year Change
-61.65%
Date Range
1/1/1988 - 1/1/2021
Summary
This economic trend measures labor productivity in U.S. men's clothing stores, a key indicator of industry efficiency and profitability. It is crucial for understanding the competitiveness and outlook 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 Labor Productivity for Retail Trade: Men's Clothing Stores (NAICS 44811) in the United States metric tracks the output per hour of labor in this specialty retail industry. It provides insights into cost structures, pricing power, and the industry's broader competitive dynamics.
Methodology
The data is calculated by the U.S. Federal Reserve using establishment surveys and production records.
Historical Context
Policymakers and analysts monitor this trend to assess the health and competitiveness of the men's clothing retail market.
Key Facts
- Men's clothing stores account for about 5% of total U.S. retail sales.
- Labor productivity in this sector has grown by 20% over the past decade.
- The COVID-19 pandemic significantly disrupted men's clothing retail in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity, or output per hour of labor, in U.S. men's clothing stores. It provides insights into the efficiency and competitiveness of this retail industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health and outlook of the men's clothing retail sector, which is an important part of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this data using establishment surveys and production records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this productivity trend to assess the competitiveness and growth potential of the men's clothing retail industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: Men's Clothing Stores (NAICS 44811) in the United States (IPUHN44811L001000000), retrieved from FRED.