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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, data for occupations common to the industry, and projections of occupational employment change.

Employment

Data series Back
data
Nov.
2023
Dec.
2023
Jan.
2024
Feb.
2024

Employment (in thousands)

Employment, all employees (seasonally adjusted)

515.8 515.3 (p)511.4 (p)511.6

Employment, production and nonsupervisory employees

393.7 390.6 (p)383.4  

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Employment by Occupation

Data series Employment,
2022

Customer service representatives

19,880

Laborers and freight, stock, and material movers, hand

16,050

Office clerks, general

15,290

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

137,390

Sales representatives, wholesale and manufacturing, technical and scientific products

17,530

(Source: Occupational Employment and Wage 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 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 All Employees

Data series Back
data
Oct.
2023
Nov.
2023
Dec.
2023
Jan.
2024

Average hourly earnings

$46.66 $46.76 $46.97 (p)$47.24

Average weekly hours

38.7 37.3 37.4 (p)37.0

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Oct.
2023
Nov.
2023
Dec.
2023
Jan.
2024

Average hourly earnings

$38.14 $37.86 $37.76 (p)$38.47

Average weekly hours

39.0 37.8 37.7 (p)37.3

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2022
Hourly Annual
Median Mean Median Mean

Customer service representatives

22.45 23.76 46,690 49,410

Laborers and freight, stock, and material movers, hand

16.37 17.32 34,050 36,020

Office clerks, general

19.38 20.74 40,310 43,140

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

36.00 41.71 74,870 86,750

Sales representatives, wholesale and manufacturing, technical and scientific products

48.07 54.55 99,990 113,460

(Source: Occupational Employment and Wage 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 2017 2018 2019 2020

Fatalities

Number of fatalities

1 4 3 3

Blank cells indicate no data reported or data that do not meet publication criteria.

Data series 2022

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

Total recordable cases

0.9

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

0.8

Cases involving days away from work

0.7

Cases involving days of job transfer or restriction

0.1

Blank cells indicate no data reported or data that do not meet publication criteria.

(Source: Injuries, Illnesses, and Fatalities)

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
4th quarter
2022
1st quarter
2023
2nd quarter
2023
3rd quarter
2023

Number of establishments

Private industry

129,035 (p)124,148 (p)123,586 (p)123,829

Local government

4 (p)4 (p)4 (p)4

Federal government

       

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

Data series Back
data
2019 2020 2021 2022

Labor productivity index, output per hour

143.958 151.669 132.626 128.189

Percent change from previous year

6.6 5.4 -12.6 -3.3

Labor index, total labor hours

93.518 88.506 91.358 92.624

Percent change from previous year

-3.4 -5.4 3.2 1.4

Output index

134.626 134.236 121.165 118.734

Percent change from previous year

3.0 -0.3 -9.7 -2.0

Unit labor costs index

83.826 83.589 100.053 111.489

Percent change from previous year

-1.4 -0.3 19.7 11.4

(Source: Productivity and Costs)

 

Data extracted on: March 22, 2024