Unit Labor Costs for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
266.67%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures unit labor costs for wholesale trade of machinery, equipment, and supplies in the United States. It provides insights into productivity and labor-related costs within 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 Unit Labor Costs for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States metric tracks the relationship between labor compensation and productivity for this wholesale industry. It is a useful indicator of underlying cost pressures and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on input measures of production, hours worked, and labor compensation.
Historical Context
Policymakers and analysts closely monitor this metric to assess inflationary risks and the overall health of the machinery and equipment wholesale sector.
Key Facts
- Measures labor costs per unit of output for the machinery and equipment wholesale industry.
- Provides insights into productivity and competitiveness trends in this key economic sector.
- Helps analysts assess inflationary pressures and overall health of the wholesale trade industry.
FAQs
Q: What does this economic trend measure?
A: This metric tracks unit labor costs, which is the ratio of labor compensation to productivity, for the machinery, equipment, and supplies wholesale trade industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into productivity, labor costs, and competitiveness within a key economic sector. It helps analysts and policymakers assess inflationary pressures and the overall health of the wholesale trade industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of production, hours worked, and labor compensation.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to evaluate cost pressures, productivity trends, and the competitiveness of the machinery and equipment wholesale sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the U.S. Federal Reserve, with a typical lag of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States (IPUGN4238U101000000), retrieved from FRED.