Labor Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-48.89%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor compensation for wholesale trade in miscellaneous nondurable goods, a key sector of the U.S. economy. It provides insights into the financial health and labor dynamics of this important industry.
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: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States metric tracks the total employee compensation, including wages and benefits, for this specific wholesale trade segment. It is a valuable indicator of labor market conditions and productivity in this crucial economic sector.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the broader health of the wholesale trade industry and its role in the overall U.S. economy.
Key Facts
- Wholesale trade accounts for over 5% of U.S. GDP.
- Nondurable goods include products like food, beverages, and cleaning supplies.
- This metric has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation, including wages and benefits, for wholesale trade in miscellaneous nondurable goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and labor dynamics of a crucial sector of the U.S. economy, helping analysts and policymakers assess broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to evaluate the overall health of the wholesale trade industry and its role in the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Labor Statistics, with occasional delays or revisions common for economic statistics.
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IPUGN4241U100000000
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IPUGN4245U120000000
Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425T300000000
Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T050000000
Hourly Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242U120000000
Unit Labor Costs for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
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Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States (IPUGN4249L021000000), retrieved from FRED.