Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,301.44
Year-over-Year Change
33.68%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation, including wages and benefits, for the wholesale electronic markets and agents and brokers industry (NAICS 4251) in the United States. It provides insights into labor costs and productivity within this crucial distribution channel.
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 trend for wholesale electronic markets and agents and brokers represents the total labor costs associated with this industry, which serves as an important intermediary between producers and retailers. Economists and policymakers monitor this data to assess the financial health and competitiveness of this wholesale distribution segment.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in this industry.
Historical Context
This trend offers insight into a critical component of the U.S. supply chain and distribution network.
Key Facts
- The wholesale electronic markets and agents and brokers industry employs over 430,000 workers in the U.S.
- Labor costs account for over 70% of total operating expenses in this industry.
- Trends in this labor compensation data can signal changes in industry profitability and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor compensation, including wages and benefits, for the wholesale electronic markets and agents and brokers industry (NAICS 4251) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity within a crucial distribution channel, offering economists and policymakers valuable data on the financial health and competitiveness of the wholesale trade sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in this industry.
Q: How is this trend used in economic policy?
A: This trend offers insight into a critical component of the U.S. supply chain and distribution network, informing economic policy and market analysis.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States (IPUGN4251L020000000), retrieved from FRED.