Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.90
Year-over-Year Change
1111.11%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures unit labor costs for lumber and other construction materials merchant wholesalers in the United States. It provides insight into productivity and inflationary pressures in this critical construction industry 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 Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States tracks the ratio of labor compensation to real output, offering a gauge of labor efficiency and cost pressures for this wholesaling subsector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and compensation data.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the competitive dynamics and pricing environment in the construction materials supply chain.
Key Facts
- Tracks labor productivity and cost pressures for a key construction industry segment.
- Provides insight into inflationary dynamics in the construction supply chain.
- Monitored by economists, policymakers, and industry analysts
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs for lumber and other construction materials merchant wholesalers in the United States. It tracks the ratio of labor compensation to real output in this industry segment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into productivity and cost pressures in the construction materials supply chain, which is crucial for understanding inflationary dynamics and the competitive environment for this industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and compensation data for the lumber and other construction materials merchant wholesalers industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the state of the construction materials supply chain and its implications for broader economic conditions and policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Labor Statistics, but may be subject to revisions and updates over time.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States (IPUGN4233U101000000), retrieved from FRED.