Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-68.60%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the hourly compensation, including wages and benefits, for workers in the beer, wine, and distilled alcoholic beverage wholesale trade industry in the United States. It is an important indicator of labor costs and productivity in this key 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: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States measures the average hourly pay, including wages and benefits, for employees in this wholesale trade industry. This metric is used by economists and policymakers to analyze labor market trends and productivity in this crucial distribution channel for alcoholic beverages.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding the state of the wholesale alcohol trade and informing policies that impact this industry.
Key Facts
- The beer, wine, and distilled alcoholic beverage wholesale trade employs over 280,000 workers in the U.S.
- Hourly compensation in this industry has risen by over 25% in the past decade.
- Wholesale distribution accounts for a significant portion of the total cost of alcoholic beverages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the beer, wine, and distilled alcoholic beverage wholesale trade industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor costs and productivity in the key wholesale distribution channel for alcoholic beverages, which is relevant for economists, 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: This trend is used by policymakers and economists to analyze labor market conditions and productivity in the wholesale alcohol trade, which can inform policies impacting this industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a 1-2 month lag in availability.
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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 (IPUGN4248U121000000), retrieved from FRED.