Output per Worker for Retail Trade: Office Supplies and Stationery Stores (NAICS 453210) in the United States
IPUHN453210W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.90
Year-over-Year Change
-505.88%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker for office supplies and stationery stores in the United States. It provides insights into productivity and efficiency within this retail 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 Output per Worker for Retail Trade: Office Supplies and Stationery Stores (NAICS 453210) in the United States metric tracks the volume of goods and services produced per worker in this specific retail industry. It is a key indicator of labor productivity and can inform business and policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on output and employment statistics for the sector.
Historical Context
This productivity metric is used by economists, policymakers, and industry analysts to assess the competitiveness and growth potential of the office supplies and stationery retail market.
Key Facts
- Retail trade accounts for over 10% of U.S. GDP.
- Office supplies and stationery stores employ over 200,000 workers.
- Productivity growth can drive profitability and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for office supplies and stationery stores (NAICS 453210) in the United States. It reflects the productivity and efficiency of labor in this retail sector.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is important for understanding the competitiveness and growth potential of the office supplies and stationery retail market. It informs business strategy and policymaking decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on output and employment statistics for the office supplies and stationery retail sector.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this productivity metric to assess the health and competitiveness of the office supplies and stationery retail market, which can inform decisions around economic and industry policy.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of this data, and the metric may not capture all nuances of productivity in this specific retail sector.
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Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Office Supplies and Stationery Stores (NAICS 453210) in the United States (IPUHN453210W001000000), retrieved from FRED.