Hours Worked for Retail Trade: Florists (NAICS 4531) in the United States
IPUHN4531L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.48
Year-over-Year Change
-24.58%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the U.S. retail trade florists industry. It provides insights into the health and productivity of this key segment of the service economy.
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 Hours Worked for Retail Trade: Florists (NAICS 4531) in the United States trend tracks the total labor hours expended by workers in the florist retail industry. This metric is used by economists and policymakers to gauge employment and output levels in this discretionary consumer sector.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator helps inform decisions around economic, monetary, and industry policies.
Key Facts
- The florist industry employs over 100,000 workers in the U.S.
- Florist sales are highly seasonal, peaking around holidays.
- Labor productivity in the florist trade has risen steadily over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of labor hours worked in the U.S. retail florist industry, providing insights into employment and output levels.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers understand the health and productivity of the florist retail sector, a key part of the broader consumer services industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly business surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator informs decisions around economic, monetary, and industry policies that may impact the florist retail trade and broader consumer spending.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Hours Worked for Retail Trade: Florists (NAICS 4531) in the United States (IPUHN4531L200000000), retrieved from FRED.