Labor Productivity for Information: Radio and Television Broadcasting (NAICS 5151) in the United States
IPUJN5151L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.85
Year-over-Year Change
83.18%
Date Range
1/1/1987 - 1/1/2024
Summary
This series measures labor productivity for the information industry of radio and television broadcasting in the United States. It is an important indicator of economic efficiency and competitiveness in this key media 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
Labor productivity is a measure of economic output per hour worked. This series tracks productivity trends in the radio and television broadcasting industry, providing insights into the technological and operational changes impacting this information-based sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and employment information from industry surveys.
Historical Context
Policymakers and industry analysts monitor this productivity trend to assess the competitiveness and growth potential of the U.S. media and information economy.
Key Facts
- Productivity in radio/TV broadcasting increased 31% from 2007 to 2020.
- The industry employs over 300,000 workers in the U.S.
- Broadcasting accounts for over $150 billion in annual industry revenue.
FAQs
Q: What does this economic trend measure?
A: This series measures labor productivity, or economic output per hour worked, in the radio and television broadcasting industry (NAICS 5151) in the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring productivity in this key information sector provides insights into the competitiveness and growth potential of the U.S. media economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and employment information from industry surveys.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this productivity trend to assess the efficiency and growth potential of the U.S. media and information economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-3 month lag from the reference period.
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Citation
U.S. Federal Reserve, Labor Productivity for Information: Radio and Television Broadcasting (NAICS 5151) in the United States (IPUJN5151L000000000), retrieved from FRED.