Employment for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States
IPUHN4483W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.40
Year-over-Year Change
-15.53%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the U.S. retail trade sector for jewelry, luggage, and leather goods stores. It provides valuable insight into consumer spending and the overall health of the retail 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 IPUHN4483W200000000 series tracks the number of people employed in North American Industry Classification System (NAICS) industry 4483, which includes jewelry, luggage, and leather goods stores. This metric is an important indicator of consumer demand and the performance of the luxury retail segment.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the strength of the retail sector and consumer confidence.
Key Facts
- Retail trade accounts for nearly 11% of total U.S. employment.
- Jewelry, luggage, and leather goods stores make up around 1% of retail industry jobs.
- Employment in this sector tends to fluctuate seasonally with consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in jewelry, luggage, and leather goods stores in the United States, which is part of the broader retail trade sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of the retail industry, which is an important component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the strength of the retail sector and consumer confidence, which can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Employment for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States (IPUHN4483W200000000), retrieved from FRED.