Labor Productivity for Retail Trade: Book Stores and News Dealers (NAICS 4512) in the United States
IPUHN4512L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.00
Year-over-Year Change
-173.17%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor productivity in the U.S. retail trade industry for book stores and news dealers. It is an important indicator of efficiency and competitiveness in this key consumer-facing 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: Book Stores and News Dealers (NAICS 4512) in the United States metric tracks changes in the inflation-adjusted output per hour worked in this retail subsector. It provides insight into how productivity and labor utilization are evolving over time.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on output and labor input measures for the NAICS 4512 industry group.
Historical Context
This productivity trend is closely monitored by policymakers, industry analysts, and investors to assess the competitive dynamics and growth potential of the book and news retail market.
Key Facts
- The base year for this index is 2012 = 100.
- Productivity has risen over 15% since 2010.
- This sector accounts for over 300,000 U.S. jobs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks labor productivity, or output per hour worked, in the U.S. retail trade industry for book stores and news dealers (NAICS 4512).
Q: Why is this trend relevant for users or analysts?
A: The book and news retail productivity trend provides important insights into the efficiency and competitiveness of this consumer-facing sector of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on output and labor input measures for the NAICS 4512 industry group.
Q: How is this trend used in economic policy?
A: This productivity metric is closely monitored by policymakers, industry analysts, and investors to assess the growth potential and competitive dynamics of the book and news retail market.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: Book Stores and News Dealers (NAICS 4512) in the United States (IPUHN4512L001000000), retrieved from FRED.