Hourly Compensation for Utilities: Natural Gas Distribution (NAICS 2212) in the United States
IPUCN2212U120000000 • 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 2212) in the United States measures the average hourly compensation, including wages and benefits, for workers in the natural gas distribution industry. This metric is a key indicator of labor costs and productivity in this crucial 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
This economic trend represents the total hourly compensation, comprised of wages, salaries, and supplemental benefits, for employees in establishments primarily engaged in the distribution of natural gas. It serves as an important benchmark for labor market analysis and cost structures within the utilities industry.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this metric to assess labor market dynamics and production costs in the natural gas distribution sector.
Key Facts
- Compensation includes wages, salaries, and benefits.
- Natural gas distribution is a key component of the utilities industry.
- This metric is used to analyze labor costs and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the natural gas distribution industry (NAICS 2212) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of labor costs and productivity in the crucial natural gas distribution sector, which is closely monitored by policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess labor market dynamics and production costs in the natural gas distribution sector, which is a key component of the broader utilities industry.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of government statistical surveys.
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Citation
U.S. Federal Reserve, Hourly Compensation for Utilities: Natural Gas Distribution (NAICS 2212) in the United States (IPUCN2212U120000000), retrieved from FRED.