Labor Productivity for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.29
Year-over-Year Change
-9.24%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity for wholesale trade in metals and minerals (excluding petroleum) in the United States. It provides insight into the efficiency and output of this critical industry.
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 Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States metric tracks the output per hour worked in this wholesale sector. It is a key indicator of industrial performance and can inform economic and policy decisions.
Methodology
The data is collected through surveys of businesses in this industry sector.
Historical Context
Policymakers and analysts use this metric to assess the competitive position and productivity of the metal and mineral wholesale trade industry.
Key Facts
- The metal and mineral wholesale industry employs over 300,000 workers in the U.S.
- Labor productivity in this sector has increased by 15% over the past decade.
- Output per hour is a key metric for assessing the competitiveness of this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for wholesale trade in metals and minerals (excluding petroleum) in the United States. It tracks the output per hour worked in this industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the efficiency and performance of a critical wholesale industry, informing economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the metal and mineral wholesale trade industry sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and productivity of the metal and mineral wholesale trade industry, which is crucial for the broader economy.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric may not fully capture all aspects of productivity in this industry.
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Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States (IPUGN4235L000000000), retrieved from FRED.