Unit Labor Costs for Utilities: Natural Gas Distribution (NAICS 221210) in the United States
IPUCN221210U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.82
Year-over-Year Change
1.94%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the unit labor costs for natural gas distribution companies in the United States. It provides insights into productivity and labor-related expenses in this critical energy 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 Unit Labor Costs for Utilities: Natural Gas Distribution (NAICS 221210) in the United States metric tracks the cost of labor per unit of output in the natural gas distribution industry. It is an important indicator of industry productivity and inflationary pressures.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry employment, output, and compensation figures.
Historical Context
This trend is closely monitored by policymakers, analysts, and industry participants to assess the economic health and cost dynamics of the natural gas distribution sector.
Key Facts
- Natural gas distribution is a critical component of the U.S. energy infrastructure.
- Unit labor costs reflect both productivity and labor compensation trends.
- Monitoring this metric helps assess inflationary pressures in the natural gas sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs for natural gas distribution companies in the United States, which reflects both productivity and labor compensation in this industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the economic health and cost dynamics of the natural gas distribution sector, which is closely monitored by policymakers, analysts, and industry participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry employment, output, and compensation figures.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry stakeholders to assess inflationary pressures and productivity trends in the natural gas distribution sector, which has important implications for energy policy and consumer prices.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Labor Statistics, but may be subject to revisions and can have a lag in reporting compared to real-time industry conditions.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Utilities: Natural Gas Distribution (NAICS 221210) in the United States (IPUCN221210U100000000), retrieved from FRED.