Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.72
Year-over-Year Change
44.50%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States measures the average hourly compensation, including wages and benefits, for workers in 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
This metric provides insight into labor costs and productivity trends within the wholesale trade of alcoholic beverages, which is an important indicator of economic activity and consumer demand. Economists and policymakers monitor this data to assess the overall health of the wholesale trade industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics from surveys of establishments in the relevant NAICS industry code.
Historical Context
Trends in hourly compensation can inform decision-making around employment, pricing, and investment strategies in the alcoholic beverage wholesale market.
Key Facts
- Hourly compensation includes both wages and benefits.
- The wholesale trade industry employs over 6 million workers in the U.S.
- Alcoholic beverage wholesale is a $300 billion industry in the U.S.
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 beer, wine, and distilled alcoholic beverages in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs and productivity within a key sector of the economy, which can inform decision-making around employment, pricing, and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics from surveys of establishments in the relevant NAICS industry code.
Q: How is this trend used in economic policy?
A: Trends in hourly compensation for the alcoholic beverage wholesale industry can be used by economists and policymakers to assess the overall health of the wholesale trade sector and consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States (IPUGN4248U120000000), retrieved from FRED.