Unit Labor Costs for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.45
Year-over-Year Change
35.38%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures unit labor costs for wholesale trade of motor vehicles and parts in the United States. It provides insights into productivity and wage pressures within this key industry.
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 unit labor cost trend tracks changes in the cost of labor input required to produce one unit of output in the motor vehicle and parts wholesale trade sector. It is an important indicator of inflationary pressures and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides labor compensation by real output.
Historical Context
Policymakers and analysts use this metric to assess the health and efficiency of the motor vehicle wholesale industry.
Key Facts
- Tracks labor costs per unit of output in motor vehicle wholesale sector.
- Provides insights into productivity and inflationary pressures.
- Calculated by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs for wholesale trade of motor vehicles and parts in the United States. It tracks changes in the cost of labor input required to produce one unit of output in this industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into productivity and wage pressures within the motor vehicle wholesale trade sector, which is an important indicator of inflationary pressures and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides labor compensation by real output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and efficiency of the motor vehicle wholesale industry, which is a key part of the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to regular updates from the U.S. Bureau of Labor Statistics, but may have some publication delays.
Related Trends
Real Sectoral Output for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424T010000000
Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W010000000
Labor Productivity for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L000000000
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421U100000000
Output per Worker for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249W001000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421U110000000
Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States (IPUGN4231U100000000), retrieved from FRED.