Labor Compensation for Retail Trade: Men's Clothing Stores (NAICS 448110) in the United States
IPUHN448110L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,597.90
Year-over-Year Change
-7.69%
Date Range
1/1/1987 - 1/1/2021
Summary
This economic trend measures labor compensation for men's clothing stores, a key indicator of the retail sector's labor market and consumer demand.
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 metric tracks wages, salaries, and benefits paid to employees in the men's clothing retail industry. It provides insights into labor costs, workforce trends, and consumer spending patterns within this specific retail segment.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to assess the health of the retail industry and its impact on the broader economy.
Key Facts
- Men's clothing stores account for over $50 billion in annual U.S. retail sales.
- Labor costs make up approximately 10% of total revenue for men's clothing retailers.
- The men's clothing retail industry employs over 200,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor compensation, including wages, salaries, and benefits, paid to employees in men's clothing stores (NAICS 448110) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market conditions and consumer demand within the men's clothing retail industry, which is an important segment of the broader retail sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the health of the retail industry and its impact on the broader economy, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Labor Compensation for Retail Trade: Men's Clothing Stores (NAICS 448110) in the United States (IPUHN448110L020000000), retrieved from FRED.