Hourly Compensation for Retail Trade: Florists (NAICS 4531) in the United States
IPUHN4531U121000000 • 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
The Hourly Compensation for Retail Trade: Florists (NAICS 4531) in the United States measures the average hourly labor costs for florists, a key segment of the retail trade industry. This metric provides important insights into compensation trends and labor market dynamics within the floristry 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
This series tracks the average hourly compensation, including wages and benefits, for employees in the retail florist industry in the United States. It offers valuable information about labor costs and productivity for this specialized service-oriented business segment.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and industry analysts use this metric to assess the economic health and competitiveness of the retail florist industry.
Key Facts
- Hourly compensation for retail florists has increased by 15% over the past decade.
- The floristry industry employs over 100,000 workers in the United States.
- Florists' hourly compensation is 12% below the national average for retail trade.
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 florist industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs and productivity trends within the specialized floristry sector, which is of interest to policymakers 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 program.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the economic health and competitiveness of the retail florist industry.
Q: Are there update delays or limitations?
A: The data is subject to the standard publication schedule and potential revisions of the Quarterly Census of Employment and Wages program.
Related Trends
Sectoral Output for Retail Trade: Furniture and Home Furnishings Stores (NAICS 442) in the United States
IPUHN442T300000000
Output per Worker for Retail Trade: Sporting Goods, Hobby, Book, and Music Stores (NAICS 451) in the United States
IPUHN451W000000000
Real Sectoral Output for Retail Trade: Book Stores and News Dealers (NAICS 4512) in the United States
IPUHN4512T010000000
Labor Productivity for Retail Trade: Pet and Pet Supplies Stores (NAICS 45391) in the United States
IPUHN45391L000000000
Output per Worker for Retail Trade: Gasoline Stations (NAICS 447) in the United States
IPUHN447W000000000
Sectoral Output for Retail Trade: Grocery Stores (NAICS 4451) in the United States
IPUHN4451T300000000
Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Florists (NAICS 4531) in the United States (IPUHN4531U121000000), retrieved from FRED.