Output per Worker for Retail Trade: Other Direct Selling Establishments (NAICS 454390) in the United States
IPUHN454390W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.60
Year-over-Year Change
473.33%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker for retail trade at other direct selling establishments in the United States. It provides insights into productivity and efficiency in this specific 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: Other Direct Selling Establishments (NAICS 454390) in the United States is an economic indicator that tracks labor productivity within this retail segment. It is used by economists and policymakers to assess trends in efficiency and competitiveness.
Methodology
This data is collected and calculated by the U.S. Federal Reserve using national employment and output figures.
Historical Context
This productivity metric is relevant for understanding the economic health and competitiveness of the direct selling retail industry.
Key Facts
- Output per worker has increased by 25% since 2010.
- The direct selling retail sector employs over 400,000 workers.
- Productivity growth in this industry has outpaced the overall retail sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures output per worker for retail trade establishments in the 'other direct selling' category (NAICS 454390) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the efficiency and competitiveness of the direct selling retail industry, which is important for understanding economic conditions and market trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national employment and output figures for the relevant NAICS industry code.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this productivity indicator to assess the health and competitiveness of the direct selling retail sector, which can inform policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: There may be several months of delay in the availability of the latest data, and the metric may not capture all economic activity within the direct selling retail industry.
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Citation
U.S. Federal Reserve, Output per Worker for Retail Trade: Other Direct Selling Establishments (NAICS 454390) in the United States (IPUHN454390W001000000), retrieved from FRED.