Hourly Compensation for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.27
Year-over-Year Change
55.33%
Date Range
1/1/1987 - 1/1/2024
Summary
This trend measures hourly compensation for workers in the wholesale trade of motor vehicles and parts in the United States. It provides insights into labor costs and productivity in this key economic 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 Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States metric tracks inflation-adjusted average hourly earnings for employees in this wholesale industry. It is an important indicator of labor market conditions and can inform economic policymaking.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists, policymakers, and industry analysts to assess the health of the motor vehicle wholesale sector.
Key Facts
- The series dates back to 1947.
- Wholesale trade accounts for over $6 trillion in annual revenue in the U.S.
- Motor vehicle and parts wholesaling represents a significant portion of this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures average hourly compensation, including wages and benefits, for workers in the wholesale trade of motor vehicles and motor vehicle parts and supplies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity in a key economic sector, which is useful for assessing the health of the motor vehicle wholesale industry and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this trend to understand labor market conditions and assess the performance of the motor vehicle wholesale sector, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all aspects of the complex motor vehicle wholesale industry.
Related Trends
Hours Worked for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L010000000
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IPUGN4238U120000000
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IPUGN4245W010000000
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IPUGN424210W000000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
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Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States (IPUGN4231U120000000), retrieved from FRED.