Unit Labor Costs for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
3.90%
Date Range
1/1/1988 - 1/1/2024
Summary
The Unit Labor Costs for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States measures the total labor costs per unit of output in this key wholesale sector. This metric is a leading indicator of inflation pressures and productivity trends.
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
This series tracks the changes in total labor costs, including wages and benefits, relative to the volume of goods sold by wholesale distributors of beer, wine, and spirits. It provides insights into the productivity and cost structure of this vital industry supplying alcoholic beverages to retailers and consumers.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of wholesale trade establishments.
Historical Context
Unit labor costs are closely monitored by policymakers and economists as a gauge of inflationary pressures and the overall health of the wholesale trade sector.
Key Facts
- This sector accounts for over $200 billion in annual wholesale revenue.
- Labor costs make up about 20% of total operating expenses for these wholesalers.
- Unit labor costs in this industry have risen by 30% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total labor costs, including wages and benefits, incurred by beer, wine, and distilled spirits wholesale distributors per unit of output sold.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of productivity, cost pressures, and inflation trends in this important wholesale trade sector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects data through surveys of wholesale establishments and calculates the unit labor cost index.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor unit labor costs to assess the overall health of the wholesale trade industry and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States (IPUGN4248U101000000), retrieved from FRED.