Labor Compensation for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States
IPUHN44815L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,339.53
Year-over-Year Change
31.00%
Date Range
1/1/1987 - 1/1/2021
Summary
This economic trend measures labor compensation for clothing accessories stores in the U.S. retail trade sector. It provides insights into wage and salary trends within this specific 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: Clothing Accessories Stores (NAICS 44815) in the United States metric tracks the total compensation, including wages and salaries, paid to employees in this retail subsector. It is a key indicator of economic activity and labor market conditions in the clothing accessories industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is used by economists and policymakers to monitor labor market dynamics and consumer spending patterns in the retail trade sector.
Key Facts
- Clothing accessories stores are part of the broader retail trade sector.
- This metric covers wages, salaries, and benefits paid to employees.
- Data is reported on a monthly basis by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages and salaries, paid to employees working in clothing accessories stores in the U.S. retail trade sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage and salary trends within the clothing accessories industry, which is an important subsector of the broader retail trade economy. It is a key indicator of labor market conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor labor market dynamics and consumer spending patterns in the retail trade sector, which can inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis by the U.S. Bureau of Labor Statistics, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Labor Compensation for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States (IPUHN44815L020000000), retrieved from FRED.