Unit Labor Costs for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.00
Year-over-Year Change
-327.27%
Date Range
1/1/1988 - 1/1/2024
Summary
The Unit Labor Costs for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States tracks the labor costs per unit of output in this wholesale sector. It provides insights into productivity and cost pressures, which are important indicators for policymakers and economists.
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 economic indicator measures the ratio of labor compensation to real output, capturing changes in the efficiency and costs of labor in the wholesale electronic markets and agents/brokers industry. It is a key metric for analyzing productivity, inflationary pressures, and overall competitiveness in this crucial wholesale trade segment.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using information on employee compensation and production volumes.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other policymakers to gauge inflationary risks and inform monetary policy decisions.
Key Facts
- Unit labor costs measure the average cost of labor per unit of output.
- This data covers the wholesale electronic markets and agents/brokers industry.
- Tracking unit labor costs helps assess productivity and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the unit labor costs in the wholesale electronic markets and agents/brokers industry (NAICS 4251). It measures the ratio of labor compensation to real output, providing insights into productivity and cost pressures.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are an important metric for economists and policymakers, as they signal changes in productivity, competitiveness, and potential inflationary pressures within this key wholesale trade sector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this metric using data on employee compensation and production volumes.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor unit labor cost trends to assess inflationary risks and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest unit labor cost data for the wholesale electronic markets and agents/brokers industry.
Related Trends
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IPUGN4231L001000000
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IPUGN424U110000000
Employment for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239W010000000
Hours Worked for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L010000000
Employment for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231W200000000
Output per Worker for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244W001000000
Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States (IPUGN4251U101000000), retrieved from FRED.