Hourly Compensation for Utilities: Natural Gas Distribution (NAICS 221210) in the United States
IPUCN221210U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.50
Year-over-Year Change
34.55%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hourly Compensation for Utilities: Natural Gas Distribution (NAICS 221210) in the United States measures the average hourly labor costs, including wages and benefits, for workers in the natural gas distribution industry.
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
This data series, published by the U.S. Bureau of Labor Statistics, provides insights into labor costs and productivity trends within the natural gas distribution sector. It is a key indicator used by economists and policymakers to assess the competitiveness and health of this critical infrastructure industry.
Methodology
The data is collected through employer surveys and calculated as an index.
Historical Context
Tracking hourly compensation in the natural gas industry helps inform regulatory and investment decisions that impact energy costs and supply.
Key Facts
- Natural gas distribution is a critical component of U.S. energy infrastructure.
- Hourly compensation accounts for both wages and benefits paid to workers.
- Tracking labor costs helps assess the industry's productivity and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor costs, including wages and benefits, for workers in the natural gas distribution industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking hourly compensation in the natural gas industry provides insights into labor productivity and cost pressures, which are important for understanding the competitiveness and health of this critical infrastructure.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated as an index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Hourly compensation data for the natural gas distribution industry informs regulatory and investment decisions that impact energy costs and supply.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions by the statistical agency.
Related Trends
Hours Worked for Utilities: Natural Gas Distribution (NAICS 2212) in the United States
IPUCN2212L010000000
Labor Compensation for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States
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Output per Worker for Utilities: Natural Gas Distribution (NAICS 2212) in the United States
IPUCN2212W000000000
Labor Compensation for Utilities: Utilities (NAICS 221) in the United States
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Real Sectoral Output for Utilities: Utilities (NAICS 221) in the United States
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Labor Productivity for Utilities: Natural Gas Distribution (NAICS 221210) in the United States
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Citation
U.S. Bureau of Labor Statistics, Hourly Compensation for Utilities: Natural Gas Distribution (NAICS 221210) in the United States (IPUCN221210U120000000), retrieved from FRED.