Hourly Compensation for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 33651) in the United States
IPUEN33651U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-189.47%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures hourly compensation, including wages and benefits, for workers in the railroad rolling stock manufacturing industry in the United States. It provides valuable insights into labor costs and productivity within this key 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 Hourly Compensation for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 33651) in the United States metric tracks changes in total hourly labor costs, including wages, salaries, and benefits, for employees in this specialized manufacturing industry. This metric is used by economists and policymakers to assess labor market dynamics and productivity trends within the railroad rolling stock industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform economic and industry analysis, as well as labor policy discussions.
Key Facts
- The railroad rolling stock manufacturing industry employs over 100,000 workers in the U.S.
- Hourly compensation has increased by 20% in this industry over the past decade.
- Labor costs account for a significant portion of total production costs in this capital-intensive sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures hourly 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 metric provides valuable insights into labor costs and productivity within this key manufacturing sector, which is important for economic and industry analysis, as well as labor policy discussions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform economic and industry analysis, as well as labor policy discussions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of government statistical surveys.
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Citation
U.S. Federal Reserve, Hourly Compensation for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 33651) in the United States (IPUEN33651U121000000), retrieved from FRED.