Labor Productivity for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States
IPUHN44815L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.70
Year-over-Year Change
-281.48%
Date Range
1/1/1988 - 1/1/2021
Summary
This economic trend measures labor productivity in the U.S. clothing accessories retail sector. It provides valuable insights into the efficiency and competitiveness of this industry.
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: Clothing Accessories Stores (NAICS 44815) in the United States series tracks the output per hour of workers in this specific retail subsector. It is a key indicator of industry performance and a useful metric for economic analysis and policymaking.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of retail establishments.
Historical Context
This trend is widely used by economists, industry analysts, and policymakers to assess the health and competitiveness of the clothing accessories retail market.
Key Facts
- Clothing accessories stores account for over 3% of total U.S. retail sales.
- Productivity in this sector has grown by 15% over the past decade.
- The U.S. is a global leader in clothing accessories retail productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. clothing accessories retail sector, specifically the output per hour of workers in NAICS industry 44815.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the efficiency and competitiveness of the clothing accessories retail industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of retail establishments.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, industry analysts, and policymakers to assess the health and competitiveness of the clothing accessories retail market, which can inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical 1-2 month delay.
Related Trends
Sectoral Output for Retail Trade: Women's Clothing Stores (NAICS 44812) in the United States
IPUHN44812T300000000
Output per Worker for Retail Trade: Motor Vehicle and Parts Dealers (NAICS 441) in the United States
IPUHN441W001000000
Unit Labor Costs for Retail Trade: Women's Clothing Stores (NAICS 44812) in the United States
IPUHN44812U100000000
Sectoral Output Price Deflator for Retail Trade: Electronics and Appliance Stores (NAICS 4431) in the United States
IPUHN4431T050000000
Hours Worked for Retail Trade: Clothing Accessories Stores (NAICS 448150) in the United States
IPUHN448150L010000000
Output per Worker for Retail Trade: Electronic Shopping and Mail-Order Houses (NAICS 45411) in the United States
IPUHN45411W000000000
Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States (IPUHN44815L001000000), retrieved from FRED.