Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-9.09%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures hourly compensation for workers in the wholesale trade industry, specifically grocery and related product wholesalers. It provides insights into labor costs and productivity in this critical 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: Grocery and Related Product Wholesalers (NAICS 4244) in the United States metric tracks the total hourly pay and benefits for employees in this wholesale subsector. It is a key indicator of labor market dynamics and cost pressures for businesses in the grocery supply chain.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this metric to gauge inflationary pressures and the competitive landscape in the wholesale grocery market.
Key Facts
- Grocery wholesalers employ over 1 million workers in the U.S.
- Hourly compensation has grown by 20% over the past decade.
- Labor costs account for over 60% of total operating expenses for wholesalers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total hourly pay and benefits for employees in the wholesale trade industry, specifically for grocery and related product wholesalers (NAICS 4244).
Q: Why is this trend relevant for users or analysts?
A: It provides insights into labor market dynamics and cost pressures for businesses in the critical grocery supply chain, which is useful for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to gauge inflationary pressures and the competitive landscape in the wholesale grocery market.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
Related Trends
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IPUGN4241L020000000
Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W200000000
Labor Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U110000000
Labor Productivity for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L001000000
Real Sectoral Output for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234T011000000
Sectoral Output Price Deflator for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234T051000000
Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States (IPUGN4244U121000000), retrieved from FRED.