Labor Compensation for Retail Trade: Nursery, Garden Center, and Farm Supply Stores (NAICS 44422) in the United States
IPUHN44422L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,111.02
Year-over-Year Change
88.47%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the labor compensation for workers in nursery, garden center, and farm supply stores within the U.S. retail trade sector. It provides insights into the wage and benefit levels for this key 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 series tracks the total earnings, including wages and benefits, for employees in NAICS industry 44422 (Nursery, Garden Center, and Farm Supply Stores). This metric is a valuable indicator of economic conditions and labor market dynamics within the retail trade segment focused on agricultural and horticultural products.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to assess the health and competitiveness of the nursery and garden supply retail industry.
Key Facts
- The series is indexed to 2012=100.
- Data is available monthly since 2006.
- Nursery and garden stores employ over 170,000 workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages and benefits, for employees in nursery, garden center, and farm supply stores within the U.S. retail trade sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic conditions and labor market dynamics within the retail segment focused on agricultural and horticultural products, which is an important part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the health and competitiveness of the nursery and garden supply retail industry, which has implications for the broader agricultural and horticultural sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Labor Compensation for Retail Trade: Nursery, Garden Center, and Farm Supply Stores (NAICS 44422) in the United States (IPUHN44422L020000000), retrieved from FRED.