Labor Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
Millions of Dollars
IPUGN4248L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,626.83
Year-over-Year Change
64.34%
Date Range
1/1/1987 - 1/1/2024
Summary
This series measures the value of industrial production for the U.S. mining and utilities sector. It is a key indicator of economic activity and an important data point for policymakers and market analysts.
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 Millions of Dollars industrial production series tracks the total output value, in millions of U.S. dollars, for the mining and utilities industries in the United States. This metric provides insight into the health and productivity of these critical economic sectors.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of industrial facilities.
Historical Context
Policymakers and economists closely monitor this series to assess the strength of the U.S. industrial base and the broader economy.
Key Facts
- The mining and utilities sector accounts for around 10% of total U.S. industrial production.
- Output in this sector is a reliable barometer of demand for raw materials and energy.
- Fluctuations in this series are closely watched for signs of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of industrial production, in millions of U.S. dollars, for the mining and utilities sectors in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and productivity of critical industrial sectors, serving as a key indicator of broader economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this series to assess the strength of the U.S. industrial base and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around 6 weeks from the end of the reference period.
Related Trends
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L000000000
Hourly Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423U121000000
Hours Worked for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L010000000
Employment for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237W200000000
Hours Worked for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L010000000
Labor Compensation for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L020000000
Citation
U.S. Federal Reserve, Millions of Dollars (IPUGN4248L020000000), retrieved from FRED.