Hourly Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.98
Year-over-Year Change
60.47%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation for paper and paper product merchant wholesalers in the United States. It provides insights into labor costs and productivity in this key wholesale 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 Hourly Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States measures the average hourly pay and benefits for workers in this wholesale subsector. It is a key indicator of labor market conditions and a driver of input costs for downstream industries.
Methodology
The data is collected through a nationwide survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to assess employment dynamics and inflationary pressures in the wholesale trade sector.
Key Facts
- The trend has increased by 10% over the past 5 years.
- Hourly compensation makes up 60% of total labor costs for this industry.
- The wholesale paper products sector employs over 100,000 workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly pay and benefits for workers in the paper and paper product merchant wholesaling industry (NAICS 4241) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and input costs for a key wholesale sector, which is important for economists and policymakers assessing broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess employment conditions and inflationary pressures in the wholesale trade sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 1-2 month delay.
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Labor Productivity for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L000000000
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Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States (IPUGN4241U120000000), retrieved from FRED.