Hourly Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.49
Year-over-Year Change
52.70%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation for wholesale trade of miscellaneous durable goods in the United States. It is an important indicator of labor costs and productivity in this key industry.
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: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) series tracks the average hourly compensation, including wages and benefits, for workers in this wholesale sector. It is used to assess labor market conditions and inflationary pressures.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to understand the broader health of the wholesale trade industry and its implications for the overall economy.
Key Facts
- Wholesale trade accounts for over 5% of U.S. GDP.
- Miscellaneous durable goods include a wide range of products.
- Hourly compensation reflects both wages and benefits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the wholesale trade of miscellaneous durable goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market conditions and inflationary pressures in the wholesale trade industry, which is a key sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the broader health of the wholesale trade industry and its implications for the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of government statistical surveys.
Related Trends
Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233U101000000
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L200000000
Unit Labor Costs for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235U100000000
Labor Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L020000000
Real Sectoral Output for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233T010000000
Sectoral Output for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T300000000
Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States (IPUGN4239U120000000), retrieved from FRED.