Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,331.64
Year-over-Year Change
97.13%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for wholesale trade of drugs and druggists' sundries in the United States. It provides insights into labor costs and productivity 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 Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States series tracks employee wages, salaries, and benefits within this pharmaceutical distribution industry. It serves as an important indicator of market conditions and competitiveness.
Methodology
The data is collected through surveys of U.S. businesses and calculated as an index.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor labor market dynamics and productivity in the pharmaceutical supply chain.
Key Facts
- This index is published monthly by the U.S. Federal Reserve.
- The base year for the index is 2012 = 100.
- Labor costs make up a significant portion of total operating expenses for drug wholesalers.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor compensation, including wages, salaries, and benefits, for wholesale trade of drugs and druggists' sundries in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and productivity within the pharmaceutical supply chain, which is crucial for understanding costs, competitiveness, and economic conditions in this industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and calculated as an index by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to monitor labor market conditions and productivity in the pharmaceutical distribution sector, which informs decisions related to industry regulation, trade, and economic policy.
Q: Are there update delays or limitations?
A: This index is published monthly by the U.S. Federal Reserve, with a typical 1-2 month delay in data availability.
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IPUGN424210U100000000
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Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States (IPUGN42421L020000000), retrieved from FRED.