Output per Worker for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States
IPUCN2211W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.97
Year-over-Year Change
-2.11%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output per worker for the utilities industry, specifically in the electric power generation, transmission, and distribution sector in the United States. It is a key indicator of productivity and efficiency in this critical infrastructure industry.
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 Output per Worker for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States tracks the volume of goods and services produced per employee in this industry. It is used to analyze trends in labor productivity and assess the overall performance and competitiveness of the electric power sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production and capacity utilization program.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to gauge the health and efficiency of the U.S. electric power system.
Key Facts
- The U.S. electric power industry employs over 380,000 workers.
- Output per worker in this sector has grown by 25% since 2010.
- Improving productivity is a key priority for electric utilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for the utilities industry, specifically in the electric power generation, transmission, and distribution sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of productivity and efficiency in the critical electric power infrastructure industry, and is closely monitored by policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production and capacity utilization program.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, industry analysts, and investors to gauge the health and efficiency of the U.S. electric power system and inform decisions related to infrastructure investment and energy policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into productivity trends in the electric power sector.
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Citation
U.S. Federal Reserve, Output per Worker for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States (IPUCN2211W000000000), retrieved from FRED.