Output per Worker for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.09
Year-over-Year Change
-14.69%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output per worker for wholesale trade of metal and mineral (except petroleum) products in the United States. It is an important indicator of productivity and efficiency in this key industrial 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: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) tracks the inflation-adjusted value of goods sold per employee in this wholesale industry. It provides insights into the operational performance and underlying productivity trends within this distribution channel.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production and capacity utilization program.
Historical Context
This metric is closely watched by economists, policymakers, and industry analysts to gauge the health and competitiveness of the metal and mineral wholesale trade sector.
Key Facts
- This metric has been tracked since 1987.
- The U.S. metal and mineral wholesale sector employs over 200,000 workers.
- Output per worker in this industry has increased by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output (inflation-adjusted value of goods sold) per worker in the U.S. wholesale trade industry for metal and mineral (except petroleum) products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and efficiency of this key wholesale sector, which is important for assessing its competitiveness and health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production and capacity utilization program.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to gauge the performance and underlying productivity trends within the metal and mineral wholesale trade industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to periodic revisions by the Federal Reserve.
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Sectoral Output for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247T301000000
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Citation
U.S. Federal Reserve, Output per Worker for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States (IPUGN4235W000000000), retrieved from FRED.