Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.98
Year-over-Year Change
38.12%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures labor productivity in the U.S. wholesale trade industry, specifically for electronic markets and agents and brokers. It provides insights into the efficiency and competitiveness of 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 Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States series tracks the output per hour worked in this subsector. This metric is used by economists and policymakers to assess productivity trends and competitiveness.
Methodology
The data is collected through surveys and calculated as the ratio of real output to hours worked.
Historical Context
Productivity trends in the wholesale trade industry can inform economic and policy decisions related to trade, investment, and competitiveness.
Key Facts
- The U.S. wholesale trade industry accounts for over $6 trillion in annual sales.
- Electronic markets and agents/brokers make up a significant portion of the wholesale trade sector.
- Improving productivity in this industry can boost overall economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. wholesale trade industry, specifically for electronic markets and agents and brokers.
Q: Why is this trend relevant for users or analysts?
A: Trends in labor productivity for this industry provide insights into efficiency and competitiveness, which are important for economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and calculated as the ratio of real output to hours worked.
Q: How is this trend used in economic policy?
A: Productivity trends in the wholesale trade industry can inform decisions related to trade, investment, and overall economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to revisions and can have a delay in reporting.
Related Trends
Output per Worker for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W001000000
Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U110000000
Labor Compensation for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L020000000
Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T010000000
Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W200000000
Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T300000000
Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States (IPUGN425L000000000), retrieved from FRED.