Hourly Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.38
Year-over-Year Change
52.27%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation, including wages and benefits, for workers in the wholesale electronic markets and agents and brokers industry (NAICS 425) in the United States. It provides insights into labor costs and productivity for this key wholesale 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: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States series tracks the average hourly pay and benefits for employees in this wholesale trade subsector. It is a useful indicator of labor market conditions and cost pressures within this segment of the economy.
Methodology
This data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the economic health and competitiveness of the wholesale electronic markets and agents and brokers industry.
Key Facts
- This series began in 2006.
- The wholesale electronic markets and agents and brokers industry represents over 400,000 U.S. jobs.
- Hourly compensation in this sector has risen over 30% since 2006.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for workers in the wholesale electronic markets and agents and brokers industry (NAICS 425) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity within this key wholesale trade subsector, which is important for assessing the economic health and competitiveness of the industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate labor market conditions and cost pressures within the wholesale electronic markets and agents and brokers industry.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Hourly Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States (IPUGN425U120000000), retrieved from FRED.