Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
255,371.90
Year-over-Year Change
58.43%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for wholesale trade in the nondurable goods sector of the United States. It provides important insights into the state of the wholesale trade industry and broader economic conditions.
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: Merchant Wholesalers, Nondurable Goods (NAICS 424) trend tracks changes in employee compensation, including wages and benefits, for the wholesale trade industry focused on non-durable consumer goods. This metric is a key indicator of labor market dynamics and production costs within this critical economic sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the wholesale trade industry.
Historical Context
Economists and policymakers monitor this trend to assess the health of the wholesale trade sector and its broader impact on the U.S. economy.
Key Facts
- Wholesale trade accounts for over 5% of U.S. GDP.
- Nondurable goods include food, beverages, apparel, and other consumables.
- This metric tracks changes in wages, salaries, and benefits for wholesale workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor compensation, including wages and benefits, for wholesale trade businesses focused on non-durable consumer goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of the wholesale trade sector and its impact on the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the wholesale trade industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess labor market dynamics and production costs within the wholesale trade sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States (IPUGN424L020000000), retrieved from FRED.