Hourly Compensation for Retail Trade: Nonstore Retailers (NAICS 454) in the United States
IPUHN454U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.71
Year-over-Year Change
112.50%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hourly Compensation for Retail Trade: Nonstore Retailers (NAICS 454) in the United States measures the average hourly compensation paid to workers in the nonstore retail sector. This metric is important for economists and policymakers to assess labor market conditions and wage pressures.
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 economic trend represents the average hourly compensation, including wages and benefits, paid to employees in the nonstore retail sector of the U.S. economy. It provides insight into labor costs and compensation levels for an important and growing retail industry segment.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in nonstore retailer compensation are closely watched by policymakers, labor market analysts, and industry participants.
Key Facts
- Nonstore retailers include e-commerce, mail-order, and direct selling establishments.
- Hourly compensation includes wages, salaries, and employer-provided benefits.
- This metric reflects labor costs for a rapidly evolving retail industry segment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, paid to employees in the nonstore retail sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in nonstore retailer compensation are closely watched by policymakers, labor market analysts, and industry participants to assess labor costs and wage pressures in this rapidly evolving retail segment.
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: Policymakers and economists use this metric to monitor labor market conditions and compensation levels in the nonstore retail industry, which has significant implications for the broader economy.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks or months in the release of this data by the U.S. Bureau of Labor Statistics.
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IPUHN44112W001000000
Unit Labor Costs for Retail Trade: General Merchandise Stores, Including Warehouse Clubs and Supercenters (NAICS 4523) in the United States
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Citation
U.S. Federal Reserve, Hourly Compensation for Retail Trade: Nonstore Retailers (NAICS 454) in the United States (IPUHN454U120000000), retrieved from FRED.