Hourly Compensation for Information: Broadcasting (Except Internet) (NAICS 515) in the United States
IPUJN515U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.05
Year-over-Year Change
61.70%
Date Range
1/1/1987 - 1/1/2024
Summary
This trend measures hourly compensation for workers in the broadcasting industry (excluding internet) in the United States. It provides insights into labor costs and productivity in this 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 Hourly Compensation for Information: Broadcasting (Except Internet) (NAICS 515) in the United States series tracks the average hourly wages, benefits, and other forms of compensation for employees in the broadcasting industry, excluding internet-based broadcasting. This metric is useful for analyzing labor market trends and productivity in the television, radio, and related broadcasting sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts looking to understand labor market conditions and cost pressures in the broadcasting industry.
Key Facts
- Broadcasting industry accounts for over 300,000 jobs in the U.S.
- Hourly compensation has grown by over 20% in the past decade.
- Productivity in broadcasting has increased significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the broadcasting industry (excluding internet-based broadcasting) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity in the broadcasting sector, which is important for understanding industry performance and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and industry analysts looking to understand labor market conditions and cost pressures in the broadcasting industry.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some reporting delays or limitations in capturing the full scope of the broadcasting industry.
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Citation
U.S. Federal Reserve, Hourly Compensation for Information: Broadcasting (Except Internet) (NAICS 515) in the United States (IPUJN515U120000000), retrieved from FRED.