Unit Labor Costs for Retail Trade: Supermarkets and Other Grocery (Except Convenience) Stores (NAICS 44511) in the United States
IPUHN44511U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
68.42%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures unit labor costs for supermarkets and other grocery stores (excluding convenience stores) in the United States. It provides insights into productivity and labor-related costs for a key 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 Unit Labor Costs for Retail Trade: Supermarkets and Other Grocery (Except Convenience) Stores (NAICS 44511) in the United States metric tracks the average cost of labor per unit of output in this industry. It is a valuable indicator of productivity and inflationary pressures.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on input data from the retail sector.
Historical Context
This trend is closely monitored by economists and policymakers to assess the overall health of the grocery retail industry.
Key Facts
- Covers over 20,000 supermarkets and grocery stores in the U.S.
- Reflects efficiency and labor-related costs in a key consumer sector.
- Data is updated quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average cost of labor per unit of output for supermarkets and other grocery stores (excluding convenience stores) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into productivity and labor-related costs in the grocery retail industry, which is a key consumer sector and important indicator of economic health.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on input data from the retail sector.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the overall health of the grocery retail industry and its implications for inflation and consumer spending.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Labor Statistics, so there may be a delay of a few months in the most recent figures.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Retail Trade: Supermarkets and Other Grocery (Except Convenience) Stores (NAICS 44511) in the United States (IPUHN44511U101000000), retrieved from FRED.