Labor Productivity for Information: Wired Telecommunications Carriers (NAICS 517311) in the United States
IPUJN517311L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.31
Year-over-Year Change
14.45%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the wired telecommunications carriers industry, providing insights into the efficiency and output of workers in this 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 index tracks output per hour worked, serving as an important indicator of economic performance and competitiveness for the wired telecommunications industry. It is used by policymakers, analysts, and economists to assess productivity trends and inform decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input information.
Historical Context
Labor productivity is a key metric for understanding industry competitiveness and informing economic and policy decisions.
Key Facts
- The data is indexed to a base year of 2012.
- Productivity growth in this industry can impact consumer prices and service quality.
- Wired telecommunications is a major component of the broader information sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity, or output per hour worked, in the wired telecommunications carriers industry (NAICS 517311).
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of industry competitiveness and efficiency, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity data to assess industry performance and inform decisions that impact the wired telecommunications sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with some lag from the reference period.
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Citation
U.S. Federal Reserve, Labor Productivity for Information: Wired Telecommunications Carriers (NAICS 517311) in the United States (IPUJN517311L000000000), retrieved from FRED.