Hourly Compensation for Retail Trade: Used Merchandise Stores (NAICS 4533) in the United States
IPUHN4533U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
4.35%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures hourly compensation for workers in the used merchandise stores industry (NAICS 4533) in the United States. It provides insights into labor costs and productivity in this retail 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: Used Merchandise Stores (NAICS 4533) in the United States trend tracks changes in the average hourly compensation, including wages and benefits, for employees in the used merchandise stores industry. This metric is useful for analyzing labor market conditions and cost pressures in the retail trade sector.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to monitor labor market trends and inform decisions on employment, wages, and economic policies.
Key Facts
- The used merchandise stores industry includes thrift stores, antique shops, and consignment shops.
- Hourly compensation includes wages, salaries, and benefits such as health insurance and retirement contributions.
- This metric is a leading indicator of consumer spending and overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the used merchandise stores industry (NAICS 4533) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity in the retail trade sector, which is an important indicator of consumer spending and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor labor market trends and inform decisions on employment, wages, and economic policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months.
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Hourly Compensation for Retail Trade: Office Supplies and Stationery Stores (NAICS 45321) in the United States
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Used Merchandise Stores (NAICS 4533) in the United States (IPUHN4533U121000000), retrieved from FRED.