Output per Worker for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.00
Year-over-Year Change
-3.00%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output per worker for wholesale trade of machinery, equipment, and supplies in the United States. It provides insights into productivity and efficiency within this key 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 Output per Worker for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) tracks the inflation-adjusted value of goods sold per employee in this wholesaling sector. It is a useful indicator of labor productivity and operational performance.
Methodology
The data is calculated by the U.S. Census Bureau based on surveys of wholesale trade businesses.
Historical Context
This metric is monitored by economists and policymakers to assess the health and competitiveness of the machinery and equipment wholesale industry.
Key Facts
- The series dates back to 1987.
- Wholesale trade accounts for over $6 trillion in annual sales in the U.S.
- Machinery and equipment wholesaling is a major component of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker for wholesale trade of machinery, equipment, and supplies in the United States. It provides insights into productivity and efficiency within this key industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is monitored by economists and policymakers to assess the health and competitiveness of the machinery and equipment wholesale industry, which is a major component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on surveys of wholesale trade businesses.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to monitor productivity and operational performance within the machinery and equipment wholesale industry, which has implications for broader economic conditions and policy decisions.
Q: Are there update delays or limitations?
A: There may be some update delays due to the survey-based data collection process, but the series generally provides timely insights into this important economic sector.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T050000000
Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T050000000
Unit Labor Costs for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247U101000000
Hours Worked for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L200000000
Hours Worked for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L200000000
Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T050000000
Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States (IPUGN4238W000000000), retrieved from FRED.