Hourly Compensation for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States
IPUHN446120U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.40
Year-over-Year Change
-650.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic indicator tracks hourly compensation for employees in the U.S. cosmetics, beauty supplies, and perfume stores industry. It provides insights into labor costs and productivity trends 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: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States measures the average hourly labor costs, including wages and benefits, for workers in this specific retail category. It is a key metric for analyzing employment and compensation dynamics within the personal care products industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This metric informs economic analysis and policy decisions related to labor markets, consumer spending, and the personal care products industry.
Key Facts
- Covers over 46,000 retail stores in the U.S.
- Hourly compensation includes wages, salaries, and benefits
- Data available monthly since January 2006
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly labor costs, including wages and benefits, for employees in the U.S. cosmetics, beauty supplies, and perfume stores industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment and compensation dynamics within the personal care products retail sector, informing analysis of labor markets, consumer spending, and industry performance.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This indicator informs economic analysis and policy decisions related to labor markets, consumer spending, and the personal care products industry.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States (IPUHN446120U121000000), retrieved from FRED.