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A panel will review recent changes in retail trade and assess how they affect measures of employment and productivity in retail-related industries. The panel will consider whether a special account in the national accounts (a “satellite account”) could be designed to capture this retail transformation better than current measures by adding data from related industries, such as warehousing and trucking. The panel will hold a public workshop and produce a consensus report with conclusions about the value of a satellite account for retail and possible improvements for measuring employment, hours, and productivity in retail-related industries.
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A Satellite Account to Measure the Retail Transformation: Organizational, Conceptual, and Data Foundations
Consensus Study Report
·2021
Retail trade has experienced dramatic changes over the past several decades in the United States, with changes in the types of outlets where goods are sold, the nature of the transactions that provide goods to consumers, and the structure of retail operations behind the scenes. The recent changes in...
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