Labor Compensation for Retail Trade: Furniture and Home Furnishings Stores (NAICS 442) in the United States
IPUHN442L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,979.48
Year-over-Year Change
39.96%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for the retail trade of furniture and home furnishings stores in the United States. It provides insights into the costs and wages in this key consumer 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 Labor Compensation for Retail Trade: Furniture and Home Furnishings Stores (NAICS 442) in the United States metric tracks the total labor costs, including wages and benefits, for workers in this retail category. It offers a gauge of industry labor market conditions and consumer demand.
Methodology
The data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to monitor the state of the furniture and home goods retail sector.
Key Facts
- Covers over 100,000 furniture and home goods stores in the U.S.
- Tracked since 1972 as part of the Producer Price Index program
- Signals consumer demand and purchasing power in this industry
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total labor costs, including wages and benefits, for workers in the furniture and home furnishings retail sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor market conditions and consumer demand for the furniture and home goods retail industry, which is an important part of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor the state of the furniture and home goods retail sector, which can inform decisions related to consumer spending, employment, and other economic factors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Labor Compensation for Retail Trade: Furniture and Home Furnishings Stores (NAICS 442) in the United States (IPUHN442L020000000), retrieved from FRED.