Output per Worker for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.99
Year-over-Year Change
14.64%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures output per worker for wholesale trade in the motor vehicle and motor vehicle parts and supplies industry in the United States. It provides insights into labor productivity and efficiency within this key 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 Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) indicator tracks the inflation-adjusted output per employee in this wholesale trade subsector. It serves as an important metric for evaluating the operational performance and competitiveness of this distribution channel.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on establishment surveys and production indices.
Historical Context
This productivity metric is closely monitored by policymakers, industry analysts, and businesses to assess the health and competitiveness of the motor vehicle wholesale trade sector.
Key Facts
- Output per worker has grown by over 30% since 2010.
- The motor vehicle wholesale sector employs over 400,000 workers in the U.S.
- Productivity gains in this industry can translate to lower consumer prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output per worker in the wholesale trade of motor vehicles and motor vehicle parts and supplies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the operational efficiency and competitiveness of this key distribution channel, which is closely monitored by policymakers, industry analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on establishment surveys and production indices.
Q: How is this trend used in economic policy?
A: This productivity indicator is used by policymakers, economists, and industry analysts to assess the health and competitiveness of the motor vehicle wholesale trade sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Hourly Compensation for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231U120000000
Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U100000000
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Real Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States (IPUGN4231W000000000), retrieved from FRED.