Output per Worker for Information: Wireless Telecommunications Carriers (Except Satellite) (NAICS 517312) in the United States
IPUJN517312W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
-51.68%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures output per worker for the wireless telecommunications carriers (except satellite) industry in the United States. It provides insights into the productivity of this key technology 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 output per worker metric tracks the real output, or production, per employed worker in the specified industry. It is a useful indicator of labor productivity and efficiency, which are important factors in economic growth and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry-level output and employment figures.
Historical Context
This productivity trend is closely monitored by economists, policymakers, and industry analysts to assess the competitiveness and long-term growth potential of the U.S. telecommunications sector.
Key Facts
- Wireless telecom is a major U.S. industry, employing over 200,000 workers.
- Output per worker has grown by over 50% in this sector since 2000.
- The U.S. leads globally in wireless telecom productivity and innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production per employed worker in the wireless telecommunications carriers (except satellite) industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is an important indicator of labor efficiency and competitiveness in a key technology sector, providing insights that are closely monitored by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry-level output and employment figures.
Q: How is this trend used in economic policy?
A: This productivity trend is used by economists and policymakers to assess the long-term growth potential and competitiveness of the U.S. telecommunications sector, which is crucial for economic development and innovation.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into this important industry.
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Citation
U.S. Federal Reserve, Output per Worker for Information: Wireless Telecommunications Carriers (Except Satellite) (NAICS 517312) in the United States (IPUJN517312W001000000), retrieved from FRED.