Labor Productivity for Utilities: Natural Gas Distribution (NAICS 22121) in the United States
IPUCN22121L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.96
Year-over-Year Change
31.99%
Date Range
1/1/1987 - 1/1/2024
Summary
The Labor Productivity for Utilities: Natural Gas Distribution (NAICS 22121) in the United States measures the output per hour worked in the natural gas distribution industry. This metric is a key indicator of economic efficiency and competitiveness for this critical energy 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 labor productivity index tracks changes in the relationship between the output of natural gas distribution companies and the labor hours required to produce that output. It provides insights into the industry's technological advancement, capital investment, and operational optimization over time.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and employment information from establishment surveys.
Historical Context
Labor productivity trends help policymakers and industry analysts assess the competitiveness and growth potential of the natural gas distribution sector.
Key Facts
- Natural gas distribution is a critical component of the U.S. energy infrastructure.
- Labor productivity growth can drive cost savings and price stability for consumers.
- Tracking this metric helps evaluate the natural gas industry's technological progress.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures the labor productivity of the natural gas distribution industry in the United States, providing insights into output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: This labor productivity trend is relevant for understanding the efficiency and competitiveness of the natural gas distribution sector, which is a crucial component of the U.S. energy infrastructure.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and employment information from establishment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this labor productivity trend to assess the growth potential and competitiveness of the natural gas distribution sector.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Federal Reserve with regular updates, though there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Labor Productivity for Utilities: Natural Gas Distribution (NAICS 22121) in the United States (IPUCN22121L000000000), retrieved from FRED.