Output per Worker for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.66
Year-over-Year Change
30.50%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures output per worker for the U.S. wholesale trade industry focused on professional and commercial equipment and supplies. It provides insights into labor productivity and efficiency trends within this key economic 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 for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) series tracks the relationship between total production and employment levels for this wholesale industry. It is a useful metric for analyzing labor productivity and assessing competitiveness.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment statistics from the U.S. Census Bureau.
Historical Context
This indicator informs policymakers and market analysts about economic conditions and labor efficiency within the professional/commercial equipment wholesale industry.
Key Facts
- The series uses North American Industry Classification System (NAICS) code 4234.
- Wholesale trade accounts for over 5% of U.S. GDP.
- Labor productivity is a key driver of economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks output per worker for the U.S. wholesale trade industry focused on professional and commercial equipment and supplies. It provides insights into labor productivity and efficiency within this sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding economic conditions and competitiveness within the professional/commercial equipment wholesale industry, which is a key part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and employment statistics from the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator informs policymakers and market analysts about labor productivity and efficiency trends within the professional/commercial equipment wholesale industry, which can inform economic and industry policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability due to the time required for the U.S. Census Bureau to collect and process the underlying employment and production statistics.
Related Trends
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210U100000000
Hours Worked for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L010000000
Output per Worker for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423W001000000
Sectoral Output Price Deflator for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T050000000
Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T051000000
Hourly Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U121000000
Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States (IPUGN4234W000000000), retrieved from FRED.