Wholesale Electronic Markets and Agents and Brokers: NAICS 425

About the Wholesale Electronic Markets and Agents and Brokers subsector

The wholesale electronic markets and agents and brokers subsector is part of the wholesale trade sector.

Industries in the Wholesale Electronic Markets and Agents and Brokers subsector arrange for the sale of goods owned by others, generally on a fee or commission basis. They act on behalf of the buyers and sellers of goods. This subsector contains agents and brokers as well as business to business electronic markets that facilitate wholesale trade.

North American Industry Classification System

The wholesale electronic markets and agents and brokers subsector consists of a single industry group, Wholesale Electronic Markets and Agents and Brokers: NAICS 4251.

Workforce Statistics

This section provides information relating to employment in wholesale electronic markets and agents and brokers. These data are obtained from employer or establishment surveys. The following tables present an overview of the industry including the number of jobs, mass layoffs, data for occupations common to the industry, and projections of occupational employment change.

Employment and Layoffs

Data series Back
data
Jun.
2008
Jul.
2008
Aug.
2008
Sep.
2008

Employment (in thousands)

 

Employment, all employees (seasonally adjusted)

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842.6 844.9 (P) 847.4 (P) 851.3

Employment, nonsupervisory workers

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675.5 676.8 (P) 675.9  

Layoffs

 

Mass layoff events

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(1) - 4 5  

Initial claimants for unemployment benefits

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(1) - 210 303  

Footnotes
(1) Data do not meet BLS or state agency disclosure standards.
(P) Preliminary

(Source: Current Employment Statistics, Mass Layoff Statistics)

Extended Mass Layoffs

Data series Back
data
3rd quarter
2007
4th quarter
2007
1st quarter
2008
2nd quarter
2008

Extended mass layoff events

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(1) - (1) - (P) 3 (P) 6

Separations

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(1) - (1) - (P) 378 (P) 465

Initial claimants

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(1) - (1) - (P) 448 (P) 370

Footnotes
(1) Data do not meet BLS or state agency disclosure standards.
(P) Preliminary

(Source: Mass Layoff Statistics)

Employment by Occupation

Data series Employment,
2007

Customer service representatives

31,150

Laborers and freight, stock, and material movers, hand

32,690

Office clerks, general

32,540

Sales representatives, wholesale and manufacturing, except technical and scientific products

236,430

Sales representatives, wholesale and manufacturing, technical and scientific products

54,380

(Source: Occupational Employment Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for wholesale electronic markets and agents and brokers.

(Source: Office of Occupational Statistics and Employment Projections)

Earnings and Hours

This section presents data on employee earnings and weekly hours. The latest industry averages of hourly earnings and weekly hours for production or nonsupervisory employees are shown. In addition, recent hourly and annual earnings are shown for occupations commonly found in wholesale electronic markets and agents and brokers.

Earnings and Hours of Production Workers

Data series Back
data
May
2008
Jun.
2008
Jul.
2008
Aug.
2008

Average hourly earnings

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$24.75 $24.85 $24.59 (P) $24.84

Average weekly hours

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35.8 36.9 36.6 (P) 36.6

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2007
Hourly Annual
Median Mean Median Mean

Customer service representatives

$15.54 $16.44 $32,330 $34,200

Laborers and freight, stock, and material movers, hand

$10.73 $11.67 $22,320 $24,280

Office clerks, general

$10.86 $11.74 $22,600 $24,410

Sales representatives, wholesale and manufacturing, except technical and scientific products

$27.02 $32.59 $56,200 $67,790

Sales representatives, wholesale and manufacturing, technical and scientific products

$34.97 $39.42 $72,730 $81,990

(Source: Occupational Employment Statistics)

Work-related Fatalities, Injuries, and Illnesses

This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in wholesale electronic markets and agents and brokers. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.

Data series 2004 2005 2006 2007

Fatalities

 

Number of fatalities

9 7 6 (P) 8

Rate of injury and illness cases per 100 full-time workers

 

Total recordable cases

2.8 2.5 1.7  

Cases involving days away from work, job restriction, or transfer

1.6 1.5 1.0  

Cases involving days away from work

1.0 0.8 0.5  

Cases involving days of job transfer or restriction

0.6 0.6 0.5  

Footnotes
(P) Preliminary

(Source: Injuries, Illnesses, and Fatalities)

Prices

This section provides industry-specific pricing information. The producer price index measures the percentage change in prices that domestic producers receive for goods and services. The prices included in the producer price index are from the first commercial transaction.

Data series Back
data
May
2008
Jun.
2008
Jul.
2008
Aug.
2008

Producer price index

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(P) 111.4 (P) 110.6 (P) 110.8 (P) 112.0

Percent change from previous month

 

(P) 0.7% (P) -0.7% (P) 0.2% (P) 1.1%

Footnotes
(P) Preliminary

(Source: Producer Price Indexes)

Workplace Trends

This section presents data on the number of establishments in wholesale electronic markets and agents and brokers. Also included in this section is information on productivity, presented as the rate of change in output per hour of workers in the industry.

Establishments

Data series Back
data
1st quarter
2007
2nd quarter
2007
3rd quarter
2007
4th quarter
2007

Number of establishments

 

Private industry

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(P) 223,429 (P) 226,432 (P) 229,691 (P) 230,487

Local government

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(P) 5 (P) 7 (P) 8 (P) 8

Federal government

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(P) 1 (P) 1 (P) 1 (P) 1

Footnotes
(P) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

Data series Back
data
2004 2005 2006 2007

Labor productivity index, output per hour

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101.550 91.509 94.977 98.277

Percent change from previous year

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-2.8 -9.9 3.8 3.5

Labor index, total labor hours

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123.743 140.583 143.187 145.469

Percent change from previous year

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8.5 13.6 1.9 1.6

Output index

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125.660 128.645 135.994 142.963

Percent change from previous year

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5.5 2.4 5.7 5.1

Unit labor costs index

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116.795 128.817 136.950 145.626

Percent change from previous year

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7.2 10.3 6.3 6.3

(Source: Productivity and Costs)

Other BLS Resources

Career Guide to Industries

To learn about careers from an industry perspective, see the Career Guide to Industries.

 

Data extracted on: October 08, 2008