Labor Compensation for Retail Trade: Electronic Shopping and Mail-Order Houses (NAICS 45411) in the United States
IPUHN45411U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182.34
Year-over-Year Change
231.31%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for the electronic shopping and mail-order houses industry (NAICS 45411) in the United States. It provides insight into wage and salary trends within this rapidly evolving 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 Labor Compensation for Retail Trade: Electronic Shopping and Mail-Order Houses (NAICS 45411) in the United States series tracks changes in total employee compensation, including wages, salaries, and benefits, for this specialized retail industry. It is an important indicator of labor market conditions and productivity within the e-commerce and direct-to-consumer sales segments.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and industry analysts to monitor the health and competitiveness of the online retail sector.
Key Facts
- Compensation in NAICS 45411 has grown over 50% since 2010.
- Wages and benefits account for over 75% of total labor costs in this industry.
- E-commerce sales have more than doubled as a share of total retail since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation, including wages, salaries, and benefits, for the electronic shopping and mail-order houses industry (NAICS 45411) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and productivity trends within the rapidly evolving e-commerce and direct-to-consumer retail sector, which is a critical part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to monitor the health and competitiveness of the online retail sector, which has important implications for employment, consumer spending, and overall economic growth.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest data, and the metric may not fully capture all forms of labor compensation or the diversity of business models within the e-commerce industry.
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Citation
U.S. Federal Reserve, Labor Compensation for Retail Trade: Electronic Shopping and Mail-Order Houses (NAICS 45411) in the United States (IPUHN45411U110000000), retrieved from FRED.