Hourly Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.45
Year-over-Year Change
55.15%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hourly Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States measures changes in labor costs for this key economic sector. It is an important indicator of inflationary pressures and productivity trends.
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
This series tracks the average hourly compensation, including wages and benefits, for workers in the wholesale trade industry focused on professional and commercial equipment and supplies. It provides insight into cost dynamics and labor market conditions within this crucial distribution channel.
Methodology
The data is collected through surveys of businesses in the NAICS 4234 industry sector.
Historical Context
Policymakers and economists closely monitor this metric to assess the overall health of the wholesale trade segment and broader economic trends.
Key Facts
- The series is published quarterly by the U.S. Federal Reserve.
- It covers over 420,000 wholesale trade businesses in the U.S.
- Hourly compensation has risen 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly compensation, including wages and benefits, for workers in the wholesale trade industry focused on professional and commercial equipment and supplies.
Q: Why is this trend relevant for users or analysts?
A: It provides important insights into labor costs and productivity trends within a key distribution channel, which informs analysis of inflationary pressures and the overall health of the wholesale trade sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the NAICS 4234 industry sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the overall health of the wholesale trade segment and broader economic trends.
Q: Are there update delays or limitations?
A: The series is published quarterly, so there may be a short delay in the most recent data.
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Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States (IPUGN4234U120000000), retrieved from FRED.