Output per Worker for Manufacturing: Ship and Boat Building (NAICS 3366) in the United States
IPUEN3366W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-116.39%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker in the U.S. ship and boat building manufacturing industry. It provides insights into labor 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 for Manufacturing: Ship and Boat Building (NAICS 3366) series tracks the ratio of total production to the number of workers in this specific manufacturing industry. It is a key metric for analyzing labor productivity and assessing the health and competitiveness of this domestic manufacturing segment.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as the ratio of total production to total employment.
Historical Context
Policymakers and industry analysts use this metric to monitor the performance and competitiveness of the U.S. ship and boat building manufacturing sector.
Key Facts
- The ship and boat building industry is a key component of U.S. manufacturing.
- Output per worker is a critical measure of labor productivity and efficiency.
- Trends in this metric can signal changes in the industry's global competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of total production to the number of workers in the U.S. ship and boat building manufacturing industry (NAICS 3366).
Q: Why is this trend relevant for users or analysts?
A: Output per worker is a key indicator of labor productivity and efficiency within this important manufacturing sector. Tracking this metric provides insights into the industry's competitiveness and health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as the ratio of total production to total employment.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to monitor the performance and competitiveness of the U.S. ship and boat building manufacturing sector, which is important for both domestic and international trade.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the metric may not capture all aspects of productivity within the industry.
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Citation
U.S. Federal Reserve, Output per Worker for Manufacturing: Ship and Boat Building (NAICS 3366) in the United States (IPUEN3366W001000000), retrieved from FRED.