Unit Labor Costs for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States
IPUHN44815U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.06
Year-over-Year Change
-19.86%
Date Range
1/1/1987 - 1/1/2021
Summary
The Unit Labor Costs for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States measures the labor costs per unit of output in this retail sector. This data point is valuable for understanding productivity and inflationary pressures in the clothing accessories 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
Unit labor costs represent the average cost of labor per unit of output and are calculated as the ratio of total labor compensation to real output. This metric is used by economists and policymakers to analyze trends in labor productivity and the potential for wage-driven inflation.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to monitor economic conditions and inform monetary policy decisions.
Key Facts
- Covers the retail trade industry for clothing accessories stores.
- Measures productivity and inflationary pressures in this sector.
- Data is collected and published by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs, or the average labor cost per unit of output, for the clothing accessories retail industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding productivity and inflationary pressures in the clothing accessories retail sector, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions and analyze economic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States (IPUHN44815U100000000), retrieved from FRED.