Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,536.61
Year-over-Year Change
68.97%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for wholesale trade of machinery, equipment, and supplies in the United States. It provides insights into a key sector of the economy.
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: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States trend tracks the total compensation, including wages and benefits, paid to workers in this wholesale industry. It serves as an important indicator of economic activity and labor market conditions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health of the wholesale trade sector and broader economic conditions.
Key Facts
- Wholesale trade is a key component of the U.S. economy.
- Machinery and equipment are essential inputs for many industries.
- This data series dates back to 2007.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages and benefits, paid to workers in the wholesale trade of machinery, equipment, and supplies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of a key sector of the economy, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in this industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the state 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 published on a regular basis with minimal delays, providing timely insights into this economic sector.
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Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States (IPUGN4238L020000000), retrieved from FRED.