Labor Productivity for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.63
Year-over-Year Change
25.64%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity for wholesale trade in farm product raw material merchant wholesalers (NAICS 4245) in the United States. It is an important indicator for understanding productivity and efficiency within this key sector of the economy.
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 trend tracks output per hour worked for wholesale trade establishments focused on farm product raw materials. This metric is widely used by economists and policymakers to analyze productivity growth, industry competitiveness, and broader economic performance.
Methodology
The data is collected through surveys of wholesale trade businesses and calculated as an index relative to a base year.
Historical Context
This productivity trend informs analysis of supply chain dynamics, market conditions, and the competitive position of U.S. agriculture and food industries.
Key Facts
- The base year for this index is 2012 = 100.
- Labor productivity in this sector has increased by 13% since 2015.
- The U.S. is a major global exporter of farm product raw materials.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity, or output per hour worked, for wholesale trade establishments focused on farm product raw materials (NAICS 4245) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is widely used by economists and policymakers to analyze industry competitiveness, supply chain dynamics, and broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale trade businesses and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: This productivity trend informs analysis of market conditions and the competitive position of U.S. agriculture and food industries.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a 2-3 month lag.
Related Trends
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210U100000000
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423L021000000
Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U110000000
Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T050000000
Employment for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236W010000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421U110000000
Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States (IPUGN4245L000000000), retrieved from FRED.