Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.30
Year-over-Year Change
-857.14%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the wholesale electronic markets and agents and brokers industry in the United States. It provides insights into the activity and productivity levels of this key wholesale trade 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 Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States series tracks the total number of hours worked by employees in this industry. It is an important indicator of economic output and can be used to assess the overall health and trends within the wholesale trade sector.
Methodology
The data is collected through surveys of businesses in the wholesale trade industry and calculated by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to understand the state of the wholesale trade market and broader economic conditions.
Key Facts
- The wholesale trade sector accounts for over $6 trillion in annual sales in the U.S.
- Wholesale electronic markets and agents/brokers make up a significant portion of the wholesale trade industry.
- Tracking hours worked provides insights into productivity and labor market trends in this key economic sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the wholesale electronic markets and agents and brokers industry (NAICS 425) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the activity and productivity levels of the wholesale trade sector, which is a key driver of the U.S. economy. It is closely monitored by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the wholesale trade industry and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand the state of the wholesale trade market and broader economic conditions, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a delay in reporting, as it is based on survey responses from businesses in the industry.
Related Trends
Sectoral Output for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236T300000000
Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T051000000
Employment for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239W010000000
Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T050000000
Labor Productivity for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L000000000
Labor Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L020000000
Citation
U.S. Federal Reserve, Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States (IPUGN425L201000000), retrieved from FRED.