Hourly Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.97
Year-over-Year Change
52.71%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation for wholesale trade in miscellaneous nondurable goods merchant wholesalers within the United States. It provides important insights into labor costs and productivity in this key economic 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: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States metric tracks the average hourly pay and benefits for workers in this wholesale industry segment. It is a valuable indicator of labor market conditions and cost pressures faced by businesses in this part of the supply chain.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their Productivity and Costs survey program.
Historical Context
Policymakers and analysts monitor this trend to assess the overall health of the wholesale trade sector and its potential impact on inflation and consumer prices.
Key Facts
- Wholesale trade accounts for over 5% of U.S. GDP.
- Miscellaneous nondurable goods is a diverse category including paper, chemicals, and other products.
- Hourly compensation has risen by over 20% in this sector since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly pay and benefits for workers in the miscellaneous nondurable goods merchant wholesaler industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor costs and productivity within a key segment of the wholesale trade sector, which is an important part of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of their Productivity and Costs survey program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of the wholesale trade sector and its potential impact on inflation and consumer prices.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is based on survey responses from businesses.
Related Trends
Employment for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233W200000000
Unit Labor Costs for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232U100000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L020000000
Labor Productivity for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248L000000000
Real Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241T010000000
Unit Labor Costs for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231U100000000
Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States (IPUGN4249U120000000), retrieved from FRED.