Hourly Compensation for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
-18.60%
Date Range
1/1/1988 - 1/1/2024
Summary
This trend measures hourly compensation for workers in the lumber and other construction materials merchant wholesaler industry. It is an important indicator of labor costs and productivity in a 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: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States measures the average hourly wage and benefits paid to workers in this industry. It is used by economists and policymakers to analyze labor market trends and productivity in the construction supply chain.
Methodology
The data is collected through surveys of businesses in this industry sector.
Historical Context
This metric provides insight into the economic health and competitiveness of the construction materials wholesale industry.
Key Facts
- Lumber and construction materials are a $400 billion industry in the U.S.
- The sector employs over 500,000 people nationwide.
- Hourly compensation has risen by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage and benefits paid to workers in the lumber and other construction materials wholesale industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity in a key economic sector that supports the construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the NAICS 4233 industry sector.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze labor market trends and competitiveness in the construction supply chain.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
Related Trends
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L200000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L010000000
Labor Productivity for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L000000000
Real Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T010000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L201000000
Real Sectoral Output for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424T010000000
Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States (IPUGN4233U121000000), retrieved from FRED.