Hourly Compensation for Retail Trade: Outdoor Power Equipment Stores (NAICS 444210) in the United States
IPUHN444210U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.69
Year-over-Year Change
57.51%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation for workers in outdoor power equipment stores, a subset of the retail trade industry in the United States. It provides insight into wage and labor cost dynamics in this specialized retail 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 Retail Trade: Outdoor Power Equipment Stores (NAICS 444210) in the United States tracks inflation-adjusted average hourly earnings and benefits for employees in this retail segment. It is a useful indicator of labor market conditions and cost pressures in this industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to analyze employment and compensation trends in the retail sector.
Key Facts
- Covers workers in outdoor power equipment stores, a subset of the broader retail trade industry.
- Measures both wages and benefits to provide a comprehensive view of labor costs.
- Adjusted for inflation to track real changes in purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures hourly compensation, including wages and benefits, for workers employed in outdoor power equipment stores, which are classified under NAICS code 444210 as a subset of the retail trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and cost pressures in the specialized outdoor power equipment retail sector, which is useful for economists and policymakers analyzing employment and compensation trends in the broader retail industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze employment and compensation trends in the retail sector, which can inform decisions related to monetary policy, labor market regulations, and other economic policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates from the source, and the metric may not capture all nuances of the labor market in this specialized retail segment.
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Outdoor Power Equipment Stores (NAICS 444210) in the United States (IPUHN444210U120000000), retrieved from FRED.