Labor Productivity for Retail Trade: General Merchandise Stores, Including Warehouse Clubs and Supercenters (NAICS 45231) in the United States
IPUHN45231L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.13
Year-over-Year Change
32.63%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the U.S. retail trade industry, specifically for general merchandise stores including warehouse clubs and supercenters. It provides insights into the efficiency and productivity of this key 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 index tracks the output per hour worked in this retail subsector. It is a key indicator of industry efficiency and competitiveness, helping policymakers and analysts understand broader economic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment survey information.
Historical Context
This productivity metric is closely watched by economists and market analysts to gauge the health and competitiveness of the retail industry.
Key Facts
- General merchandise stores account for over 50% of U.S. retail sales.
- Productivity in this sector has risen steadily over the past two decades.
- The index is a closely watched indicator of efficiency and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. retail trade industry, specifically for general merchandise stores including warehouse clubs and supercenters.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is closely watched by economists and market analysts to gauge the health and competitiveness of the retail industry, a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity index to understand broader economic trends and the efficiency of the retail sector, which is a major part of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into this important economic sector.
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Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: General Merchandise Stores, Including Warehouse Clubs and Supercenters (NAICS 45231) in the United States (IPUHN45231L000000000), retrieved from FRED.