Labor Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,550.38
Year-over-Year Change
64.60%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for wholesale trade in the grocery and related product industry in the United States. It provides insights into wage pressures and labor costs in this important 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 Labor Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States trend tracks the total compensation paid to employees in this wholesale trade industry. It includes wages, salaries, and benefits, offering a comprehensive view of labor costs and labor market conditions.
Methodology
The data is collected through surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to monitor inflationary pressures and assess the overall health of the wholesale trade industry.
Key Facts
- The grocery and related product wholesalers industry employs over 1 million workers in the U.S.
- Labor costs account for a significant portion of overall operating expenses for wholesale trade firms.
- Trends in this metric can signal changes in consumer demand and pricing power in the broader economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages, salaries, and benefits, paid to employees in the wholesale trade industry for grocery and related products in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and cost pressures in the grocery wholesale industry, which is an important sector for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor inflationary pressures and assess the overall health of the wholesale trade industry, which has implications for consumer prices and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be a short delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States (IPUGN4244L020000000), retrieved from FRED.