Labor Compensation for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,676.90
Year-over-Year Change
44.35%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the labor compensation for the used household and office goods moving industry (NAICS 484210) in the United States. It provides insights into the costs and earnings within this important logistics 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 metric tracks the total wages, salaries, and supplements paid to employees in the used household and office goods moving industry. This data is a key indicator of economic activity and productivity in the transportation and warehousing sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the NAICS 484210 industry.
Historical Context
Policymakers and industry analysts use this data to understand labor market dynamics and cost pressures in the logistics and moving services industry.
Key Facts
- The used household and office goods moving industry employs over 150,000 workers in the U.S.
- Labor costs account for over 60% of total operating expenses in the moving services sector.
- Compensation in the moving industry has grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages, salaries, and benefits, paid to employees in the used household and office goods moving industry (NAICS 484210) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market dynamics and cost pressures within the transportation and logistics sector, which is a key component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the NAICS 484210 industry.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to understand employment, wage, and productivity trends in the moving services industry, which informs decisions related to infrastructure, regulations, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Labor Compensation for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States (IPUIN484210L020000000), retrieved from FRED.