Hourly Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.79
Year-over-Year Change
25.40%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator tracks hourly compensation for apparel, piece goods, and notions merchant wholesalers in the United States. It provides insights into labor costs and productivity in this key wholesale trade 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 Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States metric measures the total hourly compensation, including wages and benefits, for workers in this wholesale trade industry. It is a valuable indicator of labor market dynamics and inflationary pressures in the apparel and textile distribution supply chain.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers and industry analysts to gauge the health of the wholesale apparel trade sector.
Key Facts
- Wholesale trade accounts for over $6 trillion in annual U.S. sales.
- The apparel, piece goods, and notions sector employs over 450,000 workers.
- Hourly compensation has risen 25% in this industry over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks hourly compensation, including wages and benefits, for workers in the apparel, piece goods, and notions wholesale trade industry (NAICS 4243) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into labor costs and productivity within a key wholesale trade sector, which is important for understanding inflationary pressures and the overall health of the apparel supply chain.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this metric to gauge labor market conditions and inflationary risks in the wholesale apparel trade sector.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of this data by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States (IPUGN4243U120000000), retrieved from FRED.