Hourly Compensation for Retail Trade: Family Clothing Stores (NAICS 44814) in the United States
IPUHN44814U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.18
Year-over-Year Change
28.53%
Date Range
1/1/1987 - 1/1/2021
Summary
This economic trend measures the hourly compensation for retail trade workers in family clothing stores in the United States. It provides insight into wages and labor costs in the retail apparel 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 Hourly Compensation for Retail Trade: Family Clothing Stores (NAICS 44814) in the United States series tracks the average hourly pay and benefits for employees in the retail family clothing store sector. This metric is used by economists and policymakers to analyze labor market conditions and cost pressures in the retail industry.
Methodology
The data is collected through the Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
This trend is closely monitored by analysts to assess the economic health of the retail apparel market and its implications for consumer spending.
Key Facts
- Hourly compensation includes wages and benefits.
- The retail apparel industry is a significant employer in the U.S.
- Trends in this metric signal labor cost pressures for retailers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for employees in the retail family clothing store sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and wage pressures in the retail apparel industry, which is important for understanding broader consumer spending and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the health of the retail labor market and its implications for consumer spending and inflation.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of several months.
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Family Clothing Stores (NAICS 44814) in the United States (IPUHN44814U120000000), retrieved from FRED.