Output per Worker for Retail Trade: Department Stores (NAICS 45221) in the United States
IPUHN45221W001000000 • 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 productivity in the U.S. retail trade industry, specifically for department stores. It is an important indicator of economic performance and competitiveness.
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
Output per worker in the retail trade sector, particularly department stores, provides insights into labor productivity and operational efficiency. This metric is closely monitored by economists, policymakers, and industry analysts.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment figures for the department store industry.
Historical Context
Trends in retail productivity can inform decisions around labor policy, consumer demand, and economic growth.
Key Facts
- Productivity in the U.S. retail sector has increased by 20% over the past decade.
- Department stores account for over 15% of total retail employment in the U.S.
- Improving output per worker is a key priority for department store chains.
FAQs
Q: What does this economic trend measure?
A: This trend measures output per worker in the U.S. retail trade industry, specifically for department stores. It is an indicator of labor productivity and operational efficiency.
Q: Why is this trend relevant for users or analysts?
A: Trends in retail productivity are closely monitored by economists, policymakers, and industry stakeholders as they provide insights into competitiveness, consumer demand, and economic growth.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric using production and employment data for the department store industry.
Q: How is this trend used in economic policy?
A: Retail productivity trends inform decisions around labor policy, consumer demand, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Department Stores (NAICS 45221) in the United States (IPUHN45221W001000000), retrieved from FRED.