Labor Compensation for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 336510) in the United States
IPUEN336510U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.56
Year-over-Year Change
52.96%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation in the railroad rolling stock manufacturing industry, a key component of the U.S. manufacturing sector. It provides insight into wage and productivity dynamics within this specialized manufacturing segment.
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 index tracks changes in total labor costs, including wages and benefits, for workers in the railroad rolling stock manufacturing industry. This data is used by economists and policymakers to assess the relative health and competitiveness of this manufacturing subsector.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform economic and industrial policy decisions related to the U.S. manufacturing base.
Key Facts
- Covers approximately 36,000 workers in the U.S.
- Includes wages, salaries, and employer-provided benefits.
- Index is benchmarked to 2012 = 100.
FAQs
Q: What does this economic trend measure?
A: This metric tracks total labor compensation, including wages and benefits, for workers in the railroad rolling stock manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into wage dynamics and labor productivity within this specialized manufacturing segment, which is important for assessing the competitiveness and health of the U.S. manufacturing base.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform economic and industrial policy decisions related to the U.S. manufacturing sector, including wage and productivity trends.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Labor Compensation for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 336510) in the United States (IPUEN336510U110000000), retrieved from FRED.