Output per Worker for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-62.79%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker in the wholesale trade industry, specifically for merchant wholesalers of durable goods in the United States. It provides insights into 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: Merchant Wholesalers, Durable Goods (NAICS 423) measures the inflation-adjusted output per employee in this wholesale industry segment. It is a useful indicator of labor productivity and can inform economic analysis and policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment figures.
Historical Context
This metric is closely watched by policymakers and analysts to gauge the health and competitiveness of the wholesale trade industry.
Key Facts
- The wholesale trade industry accounts for over 5% of U.S. GDP.
- Durable goods wholesale is a key driver of economic activity.
- Output per worker is a critical measure of industry efficiency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the wholesale trade industry, specifically for merchant wholesalers of durable goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and efficiency within the wholesale trade sector, which is an important driver of economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and employment figures.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers and analysts to gauge the health and competitiveness of the wholesale trade industry.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions of the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States (IPUGN423W001000000), retrieved from FRED.