Labor Productivity for Retail Trade: Clothing Stores (NAICS 4481) in the United States
IPUHN4481L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.57
Year-over-Year Change
76.23%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the clothing stores sector of the U.S. retail trade industry. It is a key indicator for monitoring the efficiency and competitiveness of this important consumer-facing 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 Stores (NAICS 4481) in the United States metric tracks changes in the ratio of real output to hours worked within the clothing stores subsector. It provides insights into labor efficiency and cost dynamics that are crucial for industry analysis and policymaking.
Methodology
This data is calculated by the U.S. Bureau of Labor Statistics based on reports from retail establishments.
Historical Context
Clothing store productivity trends are closely watched by economists, investors, and policymakers to assess consumer demand, industry profitability, and potential inflationary pressures.
Key Facts
- Clothing stores account for over 10% of total U.S. retail sales.
- Productivity in this sector has grown by 20% over the past decade.
- Labor costs make up approximately 15% of total operating expenses for clothing retailers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in labor productivity within the clothing stores subsector of the U.S. retail trade industry. It reflects the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: Clothing store productivity is a crucial indicator for assessing industry competitiveness, consumer demand, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this metric based on reports from retail establishments.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers closely monitor clothing store productivity to gauge consumer demand, industry profitability, and inflationary risks.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: Clothing Stores (NAICS 4481) in the United States (IPUHN4481L000000000), retrieved from FRED.