Hourly Compensation for Retail Trade: Other Gasoline Stations (NAICS 447190) in the United States
IPUHN447190U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.25
Year-over-Year Change
80.68%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation for retail trade workers at other gasoline stations (NAICS 447190) in the United States. It provides insights into labor costs and productivity in this specific 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: Other Gasoline Stations (NAICS 447190) in the United States trend tracks the average hourly wage and benefits paid to workers in this retail subsector. It is a key indicator of labor market conditions and a driver of operating costs for gasoline station businesses.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess the state of the retail gasoline market.
Key Facts
- Hourly compensation includes wages and benefits.
- This subsector includes gasoline stations with convenience stores.
- Data is reported quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, paid to workers in the retail trade subsector of other gasoline stations (NAICS 447190) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity in the retail gasoline station industry, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and industry analysts to assess the state of the retail gasoline market and make informed decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Bureau of Labor Statistics, so there may be a short delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Other Gasoline Stations (NAICS 447190) in the United States (IPUHN447190U120000000), retrieved from FRED.