Output per Worker for Retail Trade: Florists (NAICS 4531) in the United States
IPUHN4531W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.30
Year-over-Year Change
35.68%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the output per worker in the U.S. retail florist industry, providing insights into productivity and efficiency trends.
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: Florists (NAICS 4531) is an important metric that tracks the average output or sales generated per employee in the florist retail sector. It offers valuable insights into the industry's productivity and can inform business strategies and policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of its industry productivity statistics program.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the competitiveness and health of the florist retail sector.
Key Facts
- The U.S. florist retail industry employed over 110,000 workers in 2021.
- Output per worker in the florist industry has increased by 15% over the past decade.
- Florist industry productivity is a key metric for assessing competitiveness and profitability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average output or sales generated per employee in the U.S. florist retail industry, captured under NAICS code 4531.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and efficiency of the florist retail sector, which is important for business strategies, industry analysis, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of its industry productivity statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the competitiveness and health of the florist retail industry, which can inform decisions and policies related to the sector.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, as it is collected and published by the U.S. Bureau of Labor Statistics on a periodic basis.
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Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Florists (NAICS 4531) in the United States (IPUHN4531W000000000), retrieved from FRED.