Unit Labor Costs for Retail Trade: Men's Clothing Stores (NAICS 448110) in the United States
IPUHN448110U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-24.60
Year-over-Year Change
-978.57%
Date Range
1/1/1988 - 1/1/2021
Summary
The Unit Labor Costs for Retail Trade: Men's Clothing Stores (NAICS 448110) in the United States measures the cost of labor required to produce one unit of output in this specific retail sector. This metric is closely watched by economists and policymakers as a key indicator of productivity and inflationary 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
Unit labor costs represent the average cost of labor per unit of output, calculated as the ratio of total labor compensation to real output. This metric provides insight into a sector's productivity and can signal changes in pricing power and profitability for businesses within the men's clothing retail industry.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey information on employment, hours, and earnings.
Historical Context
Trends in unit labor costs are analyzed by the Federal Reserve and other policymakers to gauge inflationary risks and guide monetary policy decisions.
Key Facts
- Unit labor costs measure the average cost of labor per unit of output.
- The data covers the men's clothing retail sector (NAICS 448110).
- Trends in unit labor costs signal changes in productivity and pricing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs for the men's clothing retail sector in the United States, representing the average cost of labor required to produce one unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs provide important insights into productivity, pricing power, and inflationary pressures within the men's clothing retail industry, making this a closely watched metric by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey information on employment, hours, and earnings.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are analyzed by the Federal Reserve and other policymakers to gauge inflationary risks and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Federal Reserve on a regular basis, though there may be some delays in the reporting of the latest figures.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Retail Trade: Men's Clothing Stores (NAICS 448110) in the United States (IPUHN448110U101000000), retrieved from FRED.