Labor Productivity for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.22
Year-over-Year Change
16.21%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the U.S. wholesale trade sector, providing insights into efficiency and competitiveness in this critical part of the supply chain.
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 for Wholesale Trade index tracks output per hour worked in the wholesale trade industry, a key indicator of productivity and efficiency. Economists and policymakers use this data to understand labor market dynamics and assess the health of the wholesale sector.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Wholesale trade productivity data informs decision-making around economic and trade policy.
Key Facts
- Wholesale trade accounts for over $6 trillion in annual U.S. economic activity.
- Productivity in this sector has increased by 25% over the past decade.
- The U.S. is a global leader in wholesale trade productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. wholesale trade sector, specifically output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Wholesale trade productivity data provides crucial insights into the efficiency and competitiveness of this critical part of the supply chain, informing economic and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wholesale trade productivity data is used by economists and policymakers to understand labor market dynamics and assess the health of the wholesale sector, informing decisions around economic and trade policy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Federal Reserve, with a typical update delay of 1-2 months.
Related Trends
Employment for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236W010000000
Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000
Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L201000000
Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T050000000
Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T301000000
Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U101000000
Citation
U.S. Federal Reserve, Labor Productivity for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States (IPUGN42L000000000), retrieved from FRED.