Output per Worker for Retail Trade: Department Stores (NAICS 452210) in the United States
IPUHN452210W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.50
Year-over-Year Change
-711.11%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output per worker for the retail trade sector, specifically for department stores (NAICS 452210) in the United States. It provides insights into the productivity and efficiency of this crucial 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 Output per Worker for Retail Trade: Department Stores (NAICS 452210) in the United States is an important economic indicator that reflects the productivity of workers in the department store industry. It is used by economists and policymakers to assess the overall health and competitiveness of the retail sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using a combination of sales figures and employment data.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to understand the performance and competitive dynamics of the retail industry.
Key Facts
- Department stores account for a significant portion of the U.S. retail industry.
- Worker productivity in this sector has implications for consumer prices and industry profitability.
- Trends in output per worker can signal broader economic shifts in consumer behavior and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for the retail trade sector, specifically for department stores (NAICS 452210) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and efficiency of the department store industry, which is a crucial component of the overall retail sector. It is used by economists and policymakers to assess the health and competitiveness of the retail industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using a combination of sales figures and employment data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to understand the performance and competitive dynamics of the retail industry, which has significant implications for consumer prices, employment, and overall economic activity.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Federal Reserve with regular updates, though there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Department Stores (NAICS 452210) in the United States (IPUHN452210W001000000), retrieved from FRED.