Labor Compensation for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-86.54%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the total labor compensation, including wages and benefits, for wholesale trade establishments that focus on metal and mineral products (excluding petroleum) in the United States. It provides insight 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 Labor Compensation for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States trend tracks the total labor costs, including salaries, wages, and benefits, for businesses that primarily engage in the wholesale distribution of metal and mineral products. This data is used by economists and policymakers to analyze productivity, inflation, and market conditions in this important industry.
Methodology
The data is collected through surveys of U.S. businesses and calculated by the Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for assessing the health of the wholesale trade sector and its impact on broader economic conditions.
Key Facts
- This trend has been tracked since 1947.
- The wholesale trade sector accounts for over 5% of U.S. GDP.
- Metal and mineral products are a key input for many manufacturing industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages and benefits, for wholesale trade establishments that focus on metal and mineral products (excluding petroleum) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into labor costs and productivity in the metal and mineral wholesale trade sector, which is an important indicator of economic conditions and inflation pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and calculated by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is relevant for assessing the health of the wholesale trade sector and its impact on broader economic conditions, which is important for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be delays in reporting due to the time required to collect and process the survey information.
Related Trends
Employment for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247W200000000
Sectoral Output for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243T300000000
Hourly Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U120000000
Hourly Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U121000000
Hourly Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U121000000
Labor Compensation for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L020000000
Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States (IPUGN4235L021000000), retrieved from FRED.