Labor Share for Manufacturing: Household Appliance Manufacturing (NAICS 3352) in the United States
IPUEN3352L030000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-0.65%
Date Range
1/1/1987 - 1/1/2022
Summary
The Labor Share for Manufacturing: Household Appliance Manufacturing (NAICS 3352) in the United States measures the proportion of output that goes to labor compensation in the household appliance manufacturing industry. This key economic indicator provides insight into productivity, cost structures, and the distribution of income within 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
This labor share metric represents the ratio of total employee compensation to total value added (or output) for the household appliance manufacturing industry. It is a useful gauge of the relative bargaining power of workers versus capital owners and can signal changes in production techniques, market competition, or other underlying economic conditions.
Methodology
The data is calculated by the U.S. Federal Reserve using production and labor cost data from the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this labor share trend to understand inflationary pressures, the health of the manufacturing sector, and the distribution of economic gains.
Key Facts
- The labor share in household appliance manufacturing was 27.5% in 2021.
- This sector accounts for over 60,000 U.S. manufacturing jobs.
- Labor share has declined by 5 percentage points since 2000.
FAQs
Q: What does this economic trend measure?
A: The Labor Share for Manufacturing: Household Appliance Manufacturing (NAICS 3352) in the United States measures the proportion of output that goes to labor compensation in this specific manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This labor share metric provides insight into productivity, cost structures, and the distribution of income within the household appliance manufacturing sector, which is an important indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and labor cost data from the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this labor share trend to understand inflationary pressures, the health of the manufacturing sector, and the distribution of economic gains.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Labor Share for Manufacturing: Household Appliance Manufacturing (NAICS 3352) in the United States (IPUEN3352L030000000), retrieved from FRED.