Labor Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
44.44%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor compensation for wholesale trade in professional and commercial equipment and supplies merchant wholesalers, a key industry in the United States. It provides insights into wage pressures and labor market conditions in this critical 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 Labor Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States tracks hourly compensation, including wages and benefits, for workers in this wholesale trade industry. It serves as an important indicator of labor market dynamics and cost pressures faced by businesses in this segment.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and analysts use this trend to assess the health of the wholesale trade sector and broader economic conditions.
Key Facts
- This trend tracks labor costs for a key wholesale industry.
- Wholesale trade is a significant component of the U.S. economy.
- Monitoring compensation helps assess broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures hourly labor compensation, including wages and benefits, for workers in the wholesale trade of professional and commercial equipment and supplies (NAICS 4234) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and cost pressures facing businesses in this critical wholesale trade industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the wholesale trade sector and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States (IPUGN4234L021000000), retrieved from FRED.