Unit Labor Costs for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-43.94%
Date Range
1/1/1988 - 1/1/2024
Summary
This trend measures unit labor costs for wholesale trade of miscellaneous durable goods in the United States. It provides insights into labor productivity and cost pressures within this key economic 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 Unit Labor Costs for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States series tracks changes in the cost of labor required to produce one unit of output. It is a key indicator of industry-level productivity and inflationary pressures.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using survey information on employment, hours, and compensation.
Historical Context
Policymakers and analysts use this metric to assess the competitive position and pricing power of this wholesale trade segment.
Key Facts
- Labor costs account for a significant portion of total costs in the wholesale trade industry.
- Unit labor costs can signal changes in industry pricing power and competitiveness.
- The miscellaneous durable goods segment represents a diverse range of products.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the labor costs per unit of output for wholesale trade of miscellaneous durable goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and inflationary pressures within this key wholesale trade segment, which is important for assessing industry competitiveness and pricing dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using survey information on employment, hours, and compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitive position and pricing power of the miscellaneous durable goods wholesale trade segment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425T300000000
Output per Worker for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W000000000
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L010000000
Unit Labor Costs for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U101000000
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U110000000
Hours Worked for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423L010000000
Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States (IPUGN4239U101000000), retrieved from FRED.