Unit Labor Costs for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States
IPUHN44711U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.37
Year-over-Year Change
74.33%
Date Range
1/1/1987 - 1/1/2024
Summary
The Unit Labor Costs for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States measures the per-unit labor costs of production in this industry, providing insights into productivity and wage pressures.
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
This economic indicator tracks the total labor costs, including wages and benefits, per unit of output produced by retail gasoline stations with convenience stores in the United States. It is used by economists and policymakers to assess inflationary pressures and productivity trends in this key consumer-facing industry.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on input from establishment surveys.
Historical Context
Unit labor cost trends help inform monetary policy decisions and provide context for consumer price inflation.
Key Facts
- Unit labor costs represent total labor compensation per unit of real output.
- This industry accounts for a significant share of consumer spending on motor fuels.
- Rising unit labor costs can signal upward wage and price pressures.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total labor costs, including wages and benefits, per unit of output produced by retail gasoline stations with convenience stores in the United States.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends help inform monetary policy decisions and provide context for consumer price inflation in this key consumer-facing industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on input from establishment surveys.
Q: How is this trend used in economic policy?
A: Unit labor cost trends help inform monetary policy decisions and provide context for consumer price inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Output per Worker for Retail Trade: Department Stores (NAICS 45221) in the United States
IPUHN45221W000000000
Sectoral Output Price Deflator for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States
IPUHN4483T051000000
Unit Labor Costs for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120U101000000
Sectoral Output for Retail Trade: Electronic Shopping and Mail-Order Houses (NAICS 45411) in the United States
IPUHN45411T301000000
Real Sectoral Output for Retail Trade: Electronics and Appliance Stores (NAICS 44314) in the United States
IPUHN44314T011000000
Employment for Retail Trade: Vending Machine Operators (NAICS 454210) in the United States
IPUHN454210W201000000
Citation
U.S. Federal Reserve, Unit Labor Costs for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States (IPUHN44711U100000000), retrieved from FRED.