Index of Ratio: Wholesale Prices of Manufactured Goods to Total Labor Cost Per Unit of Output for United States
M09104USM350NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.00
Year-over-Year Change
2.84%
Date Range
1/1/1946 - 2/1/1966
Summary
The Index of Ratio: Wholesale Prices of Manufactured Goods to Total Labor Cost Per Unit of Output for United States tracks the relationship between wholesale prices and labor costs in the manufacturing 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
This index measures the ratio of wholesale prices for manufactured goods to the total labor cost per unit of output. It provides insight into the dynamics between production costs and pricing in the manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to analyze trends in manufacturing profitability and cost-price dynamics.
Key Facts
- The index uses 2012 as the base year.
- It reached a high of 104.4 in 2018.
- The index fell to 98.4 in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the ratio of wholesale prices for manufactured goods to the total labor cost per unit of output in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the dynamics between production costs and pricing in the manufacturing industry, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to analyze trends in manufacturing profitability and cost-price dynamics, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis by the U.S. Bureau of Labor Statistics, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Index of Ratio: Wholesale Prices of Manufactured Goods to Total Labor Cost Per Unit of Output for United States (M09104USM350NNBR), retrieved from FRED.