Hours Worked for Retail Trade: Office Supplies and Stationery Stores (NAICS 45321) in the United States
IPUHN45321L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.94
Year-over-Year Change
-65.72%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total number of hours worked by employees in U.S. office supplies and stationery stores, a key indicator of retail activity and labor demand in this industry.
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: Office Supplies and Stationery Stores (NAICS 45321) trend provides a timely measure of labor input and productivity in this segment of the retail sector. It is used by economists and policymakers to assess the health and outlook of the broader retail industry.
Methodology
The data is collected through surveys of U.S. retail establishments and calculated as total paid hours for all employees.
Historical Context
This trend is monitored by the Federal Reserve and other institutions to gauge consumer spending patterns and the overall state of the economy.
Key Facts
- Office supplies and stationery stores employ over 250,000 workers in the U.S.
- Hours worked in this sector declined by 15% during the 2008–2009 recession.
- The office supplies and stationery industry accounts for over $25 billion in annual retail sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in U.S. office supplies and stationery stores, providing an indicator of labor demand and productivity in this retail segment.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health and outlook of the broader retail industry, as office supplies and stationery stores are a key component of consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. retail establishments and calculated as total paid hours for all employees.
Q: How is this trend used in economic policy?
A: This trend is monitored by the Federal Reserve and other institutions to gauge consumer spending and the overall state of the economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Hours Worked for Retail Trade: Office Supplies and Stationery Stores (NAICS 45321) in the United States (IPUHN45321L010000000), retrieved from FRED.