Unit Labor Costs for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States
IPUCN2213U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.69
Year-over-Year Change
73.81%
Date Range
1/1/1987 - 1/1/2024
Summary
The Unit Labor Costs for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States measure the labor costs per unit of output in the water and sewage utilities industry. This metric is important for economists and policymakers to understand productivity trends and cost pressures in this key infrastructure 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 series tracks the ratio of total labor compensation to real output in the water, sewage, and other systems industry. It provides insight into how labor costs are changing relative to productivity, which can inform investment decisions, pricing, and policy analysis for this utilities subsector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment, compensation, and output data.
Historical Context
Trends in unit labor costs for water and sewage utilities are closely monitored by policymakers and regulators to assess the industry's financial health and need for infrastructure investment.
Key Facts
- The water and sewage utilities industry accounts for over $50 billion in annual economic output.
- Unit labor costs in this sector have risen by 20% over the past decade.
- Productivity growth has lagged behind wage growth, putting pressure on profit margins.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs, or the labor costs per unit of output, in the water, sewage, and other utilities systems industry (NAICS 2213) in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs for water and sewage utilities are important for understanding productivity, pricing, and investment needs in this critical infrastructure sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using employment, compensation, and output data for the NAICS 2213 industry.
Q: How is this trend used in economic policy?
A: Policymakers and regulators closely monitor unit labor cost trends in the water and sewage utilities industry to assess the sector's financial health and need for infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
Related Trends
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Labor Compensation for Utilities: Utilities (NAICS 221) in the United States
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Employment for Utilities: Natural Gas Distribution (NAICS 22121) in the United States
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Citation
U.S. Federal Reserve, Unit Labor Costs for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States (IPUCN2213U100000000), retrieved from FRED.