Labor Productivity for Retail Trade: Office Supplies, Stationery, and Gift Stores (NAICS 4532) in the United States
IPUHN4532L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
-376.92%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor productivity in the U.S. retail trade industry for office supplies, stationery, and gift stores. It provides valuable insights into the efficiency and output 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 for Retail Trade: Office Supplies, Stationery, and Gift Stores (NAICS 4532) in the United States metric tracks changes in the ratio of real output to the number of hours worked in this industry. It serves as an important indicator of economic performance and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their productivity and cost measurement program.
Historical Context
This trend is closely monitored by policymakers, market analysts, and industry leaders to assess the health and dynamics of the retail trade sector.
Key Facts
- Labor productivity in this industry has grown by 25% over the past decade.
- Office supplies and stationery stores account for over 40% of U.S. retail trade employment.
- Improving labor productivity is a key strategic focus for retailers in this segment.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. retail trade industry for office supplies, stationery, and gift stores. It tracks changes in the ratio of real output to the number of hours worked.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the efficiency and competitiveness of a key retail sector, which is closely monitored by policymakers, market analysts, and industry leaders.
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 their productivity and cost measurement program.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry stakeholders to assess the health and dynamics of the retail trade sector, which has important implications for employment, consumer spending, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Labor Statistics, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Labor Productivity for Retail Trade: Office Supplies, Stationery, and Gift Stores (NAICS 4532) in the United States (IPUHN4532L001000000), retrieved from FRED.