Output per Worker for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.07
Year-over-Year Change
13.49%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures output per worker in the U.S. wholesale trade industry. It provides insight into productivity trends 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 Output per Worker for Wholesale Trade measures the inflation-adjusted real output per employee in the U.S. wholesale trade industry. It offers a valuable gauge of labor productivity and operational efficiency across wholesalers, distributors, and related businesses.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and employment statistics.
Historical Context
Policymakers and analysts monitor this metric to assess the health and competitiveness of the wholesale trade sector.
Key Facts
- The wholesale trade industry accounts for over $6 trillion in annual sales.
- Output per worker in wholesale trade has grown by 25% over the past decade.
- Wholesale productivity gains have outpaced the overall U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real output per worker in the U.S. wholesale trade industry, providing insight into productivity and efficiency within this key economic sector.
Q: Why is this trend relevant for users or analysts?
A: Tracking output per worker in wholesale trade is crucial for understanding labor productivity, operational efficiency, and competitiveness within this large and influential industry.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this metric using production and employment statistics for the wholesale trade sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor wholesale trade productivity to assess the health and competitiveness of this important industry, which has broad implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, providing timely but not real-time insights into wholesale trade productivity.
Related Trends
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L010000000
Hours Worked for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L010000000
Real Sectoral Output for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239T011000000
Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251T300000000
Output per Worker for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239W001000000
Sectoral Output Price Deflator for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T050000000
Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States (IPUGN42W000000000), retrieved from FRED.