Labor Compensation for Manufacturing: Soap, Cleaning Compound, and Toilet Preparation Manufacturing (NAICS 3256) in the United States
IPUEN3256L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.60
Year-over-Year Change
-761.54%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor compensation in the U.S. soap, cleaning compound, and toilet preparation manufacturing industry. It provides insight into wage and productivity dynamics in this important manufacturing 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 Labor Compensation for Manufacturing: Soap, Cleaning Compound, and Toilet Preparation Manufacturing (NAICS 3256) in the United States trend tracks employee compensation, including wages and benefits, for this specific manufacturing subsector. Economists use this data to analyze workforce costs and productivity in this industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, industry analysts, and economists to monitor employment conditions and cost pressures in the cleaning products manufacturing sector.
Key Facts
- Compensation in this industry averaged $51.48 per hour in 2022.
- Employment in this sector has declined by 10% since 2015.
- Productivity growth has outpaced compensation growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks employee compensation, including wages and benefits, in the U.S. soap, cleaning compound, and toilet preparation manufacturing industry (NAICS 3256).
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into workforce costs and productivity dynamics in an important manufacturing sector, which is useful for policymakers, industry analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, industry analysts, and economists to monitor employment conditions and cost pressures in the cleaning products manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revision.
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Citation
U.S. Federal Reserve, Labor Compensation for Manufacturing: Soap, Cleaning Compound, and Toilet Preparation Manufacturing (NAICS 3256) in the United States (IPUEN3256L021000000), retrieved from FRED.