Labor Compensation for Information: Book Publishers (NAICS 51113) in the United States
IPUJN51113L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,402.74
Year-over-Year Change
11.14%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for information and publishing companies in the book publishing industry (NAICS 51113) in the United States. It provides insight into wage and salary trends within this key sector of the media and information economy.
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 Information: Book Publishers (NAICS 51113) in the United States series tracks the average hourly compensation, including wages and benefits, paid to workers in the book publishing industry. This metric is useful for analyzing labor market dynamics and compensation trends within this specialized information services sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor compensation levels and labor market conditions in the book publishing industry.
Key Facts
- Book publishing is a $27 billion industry in the U.S.
- The book publishing industry employs over 100,000 workers.
- Labor costs account for over half of total book publishing industry expenses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor compensation, including wages and benefits, for workers in the book publishing industry (NAICS 51113) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation and labor market dynamics within the key book publishing sector, which is an important part of the broader information and media 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: This trend is used by economists, policymakers, and industry analysts to monitor compensation levels and labor market conditions in the book publishing industry.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 1-2 months behind the current period.
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Citation
U.S. Federal Reserve, Labor Compensation for Information: Book Publishers (NAICS 51113) in the United States (IPUJN51113L020000000), retrieved from FRED.