Output per Worker for Manufacturing: Lime and Gypsum Product Manufacturing (NAICS 3274) in the United States
IPUEN3274W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.00
Year-over-Year Change
118.75%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output per worker in the Lime and Gypsum Product Manufacturing industry in the United States. It is a key indicator of productivity and efficiency within this important 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 series provides insights into the output generated per employee in the Lime and Gypsum Product Manufacturing industry. This metric is widely used by economists and policymakers to assess changes in industrial productivity and overall economic performance.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of manufacturing establishments.
Historical Context
Trends in output per worker are closely monitored by economists and policymakers for their implications on costs, competitiveness, and potential inflationary pressures.
Key Facts
- The Lime and Gypsum Product Manufacturing industry is a crucial input supplier for construction, agriculture, and other industries.
- Output per worker has increased by 20% in this sector over the past decade.
- Productivity gains have helped offset rising labor costs in this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the Lime and Gypsum Product Manufacturing industry in the United States. It provides insights into the productivity and efficiency of this important manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in output per worker are closely monitored by economists and policymakers as they indicate changes in industrial productivity, which can have implications for costs, competitiveness, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the performance and competitiveness of the Lime and Gypsum Product Manufacturing industry, which is a crucial input supplier for construction, agriculture, and other sectors.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 1-2 month lag in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Output per Worker for Manufacturing: Lime and Gypsum Product Manufacturing (NAICS 3274) in the United States (IPUEN3274W001000000), retrieved from FRED.