Hourly Compensation for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States
IPUJN5173U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.90
Year-over-Year Change
-122.50%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures hourly compensation, including wages and benefits, for workers in the wired and wireless telecommunications carriers industry in the United States. It provides valuable insights into labor costs and productivity in this important 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: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States series tracks the average hourly compensation, encompassing both wages and benefits, for employees in the telecommunications industry. This metric is a key indicator of labor market conditions and labor costs for businesses in this sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts monitor this trend to assess the competitiveness and productivity of the telecommunications sector.
Key Facts
- Hourly compensation includes both wages and benefits.
- The telecommunications industry is a critical component of the U.S. economy.
- This trend provides insights into labor market conditions in a key sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the wired and wireless telecommunications carriers industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into labor costs and productivity in the telecommunications sector, which is a critical component of the U.S. economy. It is useful for policymakers and industry analysts in assessing the competitiveness and performance of this industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the competitiveness and productivity of the telecommunications sector, which is important for informing economic policies and market conditions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of government statistical surveys.
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Citation
U.S. Federal Reserve, Hourly Compensation for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States (IPUJN5173U121000000), retrieved from FRED.