Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.05
Year-over-Year Change
33.68%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for the wholesale trade industry, specifically wholesale electronic markets and agents and brokers. It provides insights into wage and salary trends in this important sector of the U.S. economy.
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: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States series tracks the total compensation, including wages and salaries, paid to employees in this subsector of the wholesale trade industry. This data is useful for analyzing labor market dynamics and productivity trends.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to assess the health and competitiveness of the wholesale trade sector.
Key Facts
- Wholesale trade is a major component of the U.S. economy, accounting for over $6 trillion in annual sales.
- The wholesale electronic markets and agents and brokers subsector employs over 400,000 people in the U.S.
- Labor compensation in this industry has grown by an average of 3% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages and salaries, paid to employees in the wholesale electronic markets and agents and brokers subsector of the U.S. wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and productivity trends within an important sector of the U.S. economy, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to assess the health and competitiveness of the wholesale trade sector, which informs decisions on trade, labor, and economic policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates due to the time required for data collection and processing by the Bureau of Labor Statistics.
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IPUGN423W001000000
Unit Labor Costs for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246U101000000
Labor Compensation for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L020000000
Output per Worker for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231W000000000
Employment for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243W200000000
Sectoral Output Price Deflator for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T051000000
Citation
U.S. Federal Reserve, Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States (IPUGN425U110000000), retrieved from FRED.