All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Washington
SMU53000004142400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.50
Year-over-Year Change
13.48%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the wholesale trade industry for merchant wholesalers of nondurable goods in the state of Washington. It provides insight into the health and activity of this key economic 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 All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Washington indicator tracks the employment levels in the wholesale trade industry, specifically focused on merchants who sell nondurable products like food, apparel, and chemicals. This metric is used by economists and policymakers to assess the broader trends and outlook for the wholesale trade sector in the state.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment trend can signal shifts in consumer demand, supply chain dynamics, and overall economic conditions in Washington.
Key Facts
- Washington is a major hub for wholesale trade in the U.S.
- Nondurable goods account for over 60% of wholesale sales nationally.
- This metric has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the wholesale trade industry for merchant wholesalers of nondurable goods within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of the wholesale trade sector in Washington, which is a key driver of the state's economy. Changes in employment can signal broader economic conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the overall state of the wholesale trade industry and its implications for consumer demand, supply chains, and broader economic performance in Washington.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Washington (SMU53000004142400001A), retrieved from FRED.