Sales versus margins: alternative measures of output and productivity for retail trade In this article, we introduce new margin-based measures of output—and, hence, productivity—for the retail trade sector, complementing existing sales-based measures and identifying the factors that affect differences between the two types of measures. We find that, from 2007 to 2022, sales productivity outpaced margin productivity in most retail industries examined. In addition, we take a closer look at three representative industries with different productivity trends, examining the role of prices in those trends. In electronics and appliance stores, sales productivity grew rapidly while margin productivity grew more slowly. In beer, wine, and liquor stores, the two measures trended similarly. In pharmacies and drug stores, margin productivity grew 3 times faster than sales productivity. We conclude that comparing these measures aids our understanding of the distinct effects of quantity of goods sold and value of retail services provided on output and productivity. https://lnkd.in/d7Z2_cAa
关于我们
The Bureau of Labor Statistics (BLS) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. The BLS is an independent national statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor. The BLS also serves as a statistical resource to the Department of Labor. BLS data must satisfy a number of criteria, including relevance to current social and economic issues, timeliness in reflecting today’s rapidly changing economic conditions, accuracy and consistently high statistical quality, and impartiality in both subject matter and presentation.
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https://www.bls.gov
Bureau of Labor Statistics的外部链接
- 所属行业
- 政府管理
- 规模
- 1,001-5,000 人
- 总部
- Washington,DC
- 类型
- 政府机构
- 创立
- 1885
- 领域
- Labor Statistics
地点
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主要
2 Massachusetts Ave NE
US,DC,Washington,20212
Bureau of Labor Statistics员工
动态
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Join us in Dallas on March 26, 2025, as we host a labor market conference focused on the North Texas housing market. BLS specialists and industry experts will share labor market insights and discuss the latest trends and analysis using a data-driven approach. Registration closes today, March 19. https://lnkd.in/gHXWqa27
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A look at a thrilling industry: amusement and theme parks There were 1,273 amusement and theme parks nationwide in 2023, with the industry accounting for over 200,000 jobs. This Spotlight on Statistics reviews historical establishment, employment, and wage trends for the amusement and theme parks industry. https://lnkd.in/gRUp4tkQ
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No matter how you slice it, pies need bakers and bakers need math! Celebrate Pi Day with BLS data on occupations where math is important. https://lnkd.in/gyuvtpHa
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Although the construction industry is highly cyclical, over the long run employment growth is mainly driven by the demand for more homes, offices, stores, schools, factories, and other structures built to meet the needs of a growing population and a growing economy. This continues to be the story for the 2023–33 projections—long-term structural growth led by moderate population growth and more building activity. https://lnkd.in/gYsnsip5
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The geometric Young formula for elementary aggregate import and export price indexes In this article, we examine historical U.S. Import and Export Price Indexes (MXPIs) by using the geometric Young formula at the two lowest index levels, which are the weight-group level and the classification-group level. MXPIs are currently calculated with a modified Laspeyres (Lowe) formula through multiple levels of aggregation between input prices and an output headline index. https://lnkd.in/guiVbYs5
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Incorporating AI impacts in BLS employment projections: occupational case studies In the last few years, artificial intelligence (AI) has advanced rapidly, finding growing applications across industries and occupations. This development has generated interest in how the U.S. Bureau of Labor Statistics assesses and incorporates AI’s potential labor market impacts in its employment projections. In this article, we explain the Bureau’s approach to this type of projections work, illustrating it with several occupational case studies based on research done for the 2023–33 projections cycle. The case studies focus on selected occupations in the computer, legal, business and financial, and architecture and engineering occupational groups.
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Why are the payroll estimates revised each month? What does benchmarking accomplish? Learn about Current Employment Statistics monthly revisions and annual benchmarking. https://lnkd.in/g2Cmcw99
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Our first week on LinkedIn also happens to be what we at BLS call Price Week. We published December data for the Consumer Price Index, Producer Price Index, and Import and Export Price Indexes. Consumer prices rose 0.4% in December 2024 and producer prices for final demand were up 0.2%. Import prices increased 0.1% and export prices rose 0.3%. You can find our release calendar at https://lnkd.in/gndZ5TQy
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A new year brings great things, and BLS on LinkedIn is one of them! We're excited to announce our new account and look forward to sharing BLS data, research, and more with you. Stay tuned as we keep you up to date with the most recent data on the economy and let you know about career opportunities here at BLS. You can now check out BLS on Threads, Instagram, LinkedIn, X, and YouTube! https://www.bls.gov/
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