Labor Compensation for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,887.36
Year-over-Year Change
0.09%
Date Range
1/1/1987 - 1/1/2021
Summary
This economic trend measures labor compensation for women's clothing stores in the U.S. retail trade sector. It provides insight into wage and benefit trends for this key 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: Women's Clothing Stores (NAICS 448120) in the United States series tracks total employee compensation, including wages and benefits, for this retail subsector. It is a valuable indicator of labor market conditions and industry profitability.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages (QCEW) program.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts examining employment and wage dynamics in the retail clothing sector.
Key Facts
- Women's clothing stores account for over 20% of U.S. retail trade employment.
- Labor compensation in this sector grew by 2.8% in 2021.
- Wages make up around 75% of total labor compensation in women's clothing retail.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation, including wages and benefits, for employees in women's clothing stores within the U.S. retail trade sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into employment and wage dynamics in a key retail industry, which is valuable for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages (QCEW) program.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to monitor employment, wages, and overall conditions in the retail clothing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Labor Compensation for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States (IPUHN448120L020000000), retrieved from FRED.