Hourly Compensation for Retail Trade: Vending Machine Operators (NAICS 4542) in the United States
IPUHN4542U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
130.56%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures hourly compensation for retail trade vending machine operators in the United States. It provides insights into labor costs and productivity in the vending machine 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
The Hourly Compensation for Retail Trade: Vending Machine Operators (NAICS 4542) series tracks the average hourly earnings, including benefits, for workers in the vending machine operations sector. This data point is a key indicator of labor market conditions and business operating costs in the retail vending industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and economists use this trend to assess the overall health and competitiveness of the retail vending industry.
Key Facts
- Vending machine operators account for over 70,000 jobs in the U.S. retail sector.
- Hourly compensation in the vending industry has risen by 20% over the past decade.
- The vending machine industry generates over $25 billion in annual revenue in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the vending machine operations sector of the retail trade industry.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for understanding labor costs and productivity trends in the vending machine industry, which is an important part of the retail sector.
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 economists use this trend to assess the overall health and competitiveness of the retail vending industry, which can inform decisions around labor regulations and business support programs.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a 1-2 quarter delay in the most recent figures. The series does not cover all vending machine operators, as it is limited to the NAICS 4542 industry code.
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Vending Machine Operators (NAICS 4542) in the United States (IPUHN4542U121000000), retrieved from FRED.