Hourly Compensation for Retail Trade: Florists (NAICS 453110) in the United States
IPUHN453110U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.10
Year-over-Year Change
-409.62%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures hourly compensation for workers in the U.S. retail florist industry. It provides insights into labor costs and productivity within this specialized sector.
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: Florists (NAICS 453110) in the United States metric tracks the average hourly pay and benefits for employees in the floral retail industry. This data point is used by economists and policymakers to assess labor market conditions and productivity trends in this specialized service sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding workforce dynamics and cost pressures in the retail floral industry.
Key Facts
- Hourly compensation includes wages and benefits.
- The floral retail industry employs over 100,000 workers in the U.S.
- Floral sales are highly seasonal, peaking around holidays.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly pay and benefits for employees in the U.S. retail floral industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and productivity in the specialized floral retail sector, which is relevant for understanding workforce dynamics and cost pressures.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess labor market conditions and productivity trends in the retail floral industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Florists (NAICS 453110) in the United States (IPUHN453110U121000000), retrieved from FRED.