Unit Labor Costs for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.12
Year-over-Year Change
39.30%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures unit labor costs for wholesale trade in the grocery and related product wholesalers industry in the United States. It is a key indicator of productivity and inflationary pressures.
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
Unit labor costs represent the average cost of labor per unit of output and are calculated as the ratio of total labor compensation to real output. This metric provides insight into the efficiency and cost structure of the wholesale grocery industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor unit labor costs to assess overall economic performance and inflationary risks.
Key Facts
- Unit labor costs represent the average cost of labor per unit of output.
- This metric provides insight into industry efficiency and inflationary pressures.
- The data is collected and calculated by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs for the wholesale trade of groceries and related products in the United States.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of productivity and inflationary pressures, providing insights into the cost structure and efficiency of the wholesale grocery industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor unit labor costs to assess overall economic performance and inflationary risks.
Q: Are there update delays or limitations?
A: The data is regularly updated by the Bureau of Labor Statistics, but may be subject to revisions and publication delays.
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IPUGN4233W000000000
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IPUGN4243L020000000
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IPUGN4241L021000000
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IPUGN4234U100000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
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Citation
U.S. Federal Reserve, Unit Labor Costs for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States (IPUGN4244U100000000), retrieved from FRED.