Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.00
Year-over-Year Change
100.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures labor costs for wholesale trade of electrical and electronic goods in the United States. It is an important indicator of productivity and inflationary pressures in a key sector of the 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 Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) tracks the labor costs incurred by businesses in this industry for each unit of output produced. It provides insights into trends in worker productivity and the pass-through of wage changes to consumer prices.
Methodology
The data is calculated based on Bureau of Labor Statistics surveys of businesses in the NAICS 4236 industry.
Historical Context
Economists and policymakers monitor this metric to assess the broader health of the wholesale trade sector and its potential impacts on inflation.
Key Facts
- The U.S. wholesale trade industry accounts for over $6 trillion in annual sales.
- Labor costs make up a significant portion of operating expenses for wholesalers.
- Trends in unit labor costs can signal changes in firm profitability and consumer prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor costs incurred by businesses in the wholesale trade of electrical and electronic goods per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into productivity and inflationary pressures in a key sector of the economy, which is valuable information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated based on Bureau of Labor Statistics surveys of businesses in the NAICS 4236 industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the health of the wholesale trade sector and its potential impacts on broader economic conditions and inflation.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Federal Reserve, but may be subject to revisions and lags in reporting.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States (IPUGN4236U101000000), retrieved from FRED.