Labor Productivity for Utilities: Utilities (NAICS 22) in the United States
IPUCN22L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.26
Year-over-Year Change
3.35%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the utilities industry (NAICS 22) in the United States. It is an important indicator for understanding productivity and efficiency within this critical infrastructure 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 Labor Productivity for Utilities: Utilities (NAICS 22) in the United States metric tracks changes in the output per hour of labor in the utilities industry, which includes electric power generation, natural gas distribution, and water/sewage treatment. This provides insights into the productivity and competitiveness of this sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using established productivity measurement methodologies.
Historical Context
Trends in utilities labor productivity are closely monitored by policymakers, regulators, and industry analysts to assess sector performance and guide infrastructure investment.
Key Facts
- Utilities are a key part of national infrastructure.
- Productivity growth impacts consumer prices and service quality.
- The data is reported quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in labor productivity, or output per hour, within the utilities industry (NAICS 22) in the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring utilities productivity is crucial for understanding infrastructure performance, consumer costs, and the overall competitiveness of this vital sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using established productivity measurement methodologies.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and industry analysts closely monitor utilities productivity trends to assess sector performance and guide infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Bureau of Labor Statistics with typical release lags.
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Citation
U.S. Federal Reserve, Labor Productivity for Utilities: Utilities (NAICS 22) in the United States (IPUCN22L000000000), retrieved from FRED.