Labor Compensation for Retail Trade: Health and Personal Care Stores (NAICS 446) in the United States
IPUHN446L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,519.41
Year-over-Year Change
32.18%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for retail trade in health and personal care stores in the United States. It provides insights into the wage and salary dynamics of this key consumer-facing 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 for Retail Trade: Health and Personal Care Stores (NAICS 446) in the United States tracks the total inflation-adjusted labor costs, including wages and benefits, for workers in this retail subsector. It is a valuable indicator of industry profitability and consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Historical Context
This trend is closely watched by economists, policymakers, and industry analysts to gauge the health of consumer spending and retail labor markets.
Key Facts
- This series is part of the Federal Reserve's Industrial Production and Capacity Utilization dataset.
- Health and personal care stores account for over 15% of total U.S. retail sales.
- Labor costs represent a significant portion of operating expenses for retailers in this subsector.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation, including wages and benefits, for workers employed in retail trade at health and personal care stores in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor dynamics and profitability of a key consumer-facing retail industry, which is important for understanding overall economic conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to gauge the health of consumer spending and retail labor markets, which are crucial indicators for informing economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Labor Compensation for Retail Trade: Health and Personal Care Stores (NAICS 446) in the United States (IPUHN446L020000000), retrieved from FRED.