Hourly Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
28.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures hourly compensation for wholesale trade of machinery, equipment, and supplies in the United States. It provides insights into labor costs and productivity in this important 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 Hourly Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States measures the average hourly labor costs, including wages and benefits, for this key wholesale industry. It is a valuable indicator of economic activity and labor market trends in this segment.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health of the wholesale trade sector.
Key Facts
- Wholesale trade accounts for over $6 trillion in annual sales in the U.S.
- Machinery and equipment wholesaling makes up about 20% of total wholesale revenue.
- Hourly compensation in this sector has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor costs, including wages and benefits, for 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 valuable insights into labor market conditions and productivity in a key sector of the U.S. economy, which is closely watched by economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the health and competitiveness of the wholesale trade industry, which has important implications for broader economic and employment trends.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some lag between the reference period and publication.
Related Trends
Unit Labor Costs for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249U100000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L021000000
Labor Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L021000000
Hours Worked for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L200000000
Employment for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236W010000000
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L010000000
Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States (IPUGN4238U121000000), retrieved from FRED.