Output per Worker for Manufacturing: Seafood Product Preparation and Packaging (NAICS 311710) in the United States
IPUEN311710W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.73
Year-over-Year Change
8.72%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output per worker in the seafood product preparation and packaging industry in the United States. It provides insights into labor productivity and efficiency within this 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
The Output per Worker for Manufacturing: Seafood Product Preparation and Packaging (NAICS 311710) tracks the ratio of real output to total employment in this specific manufacturing industry. It serves as an indicator of labor productivity and can inform economic analysis and policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on national industry-level production and employment statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the competitiveness and efficiency of the seafood manufacturing sector.
Key Facts
- The seafood manufacturing industry is a significant contributor to the U.S. economy.
- Tracking output per worker helps identify trends in labor efficiency and competitiveness.
- Productivity gains in this sector can impact consumer prices and industry profitability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the seafood product preparation and packaging industry (NAICS 311710) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor productivity and efficiency within the seafood manufacturing sector, which is relevant for economic analysis, industry competitiveness, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on national industry-level production and employment statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the competitiveness and efficiency of the seafood manufacturing sector, which can inform economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be some delays in reporting due to the time required to collect and process the underlying industry statistics.
Related Trends
Intermediate Inputs Share for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 33651) in the United States
IPUEN33651P030000000
Employment for Manufacturing: Leather and Allied Product Manufacturing (NAICS 316) in the United States
IPUEN316W010000000
Hours Worked for Manufacturing: Animal Food Manufacturing (NAICS 31111) in the United States
IPUEN31111L201000000
Employment for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States
IPUEN31311W200000000
Employment for Manufacturing: Wood Kitchen Cabinet and Countertop Manufacturing (NAICS 337110) in the United States
IPUEN337110W200000000
Real Sectoral Output for Manufacturing: Petroleum Refineries (NAICS 32411) in the United States
IPUEN32411T011000000
Citation
U.S. Federal Reserve, Output per Worker for Manufacturing: Seafood Product Preparation and Packaging (NAICS 311710) in the United States (IPUEN311710W000000000), retrieved from FRED.