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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
May
2022
Jun.
2022
Jul.
2022
Aug.
2022

Employment (in thousands)

Employment, all employees (seasonally adjusted)

498.2 500.3 (p)501.5 (p)502.7

Employment, production and nonsupervisory employees

384.1 386.2 (p)389.1  

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Employment by Occupation

Data series Employment,
2021

Customer service representatives

19,610

Laborers and freight, stock, and material movers, hand

16,270

Office clerks, general

18,080

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

130,140

Sales representatives, wholesale and manufacturing, technical and scientific products

17,660

(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
Apr.
2022
May
2022
Jun.
2022
Jul.
2022

Average hourly earnings

$43.59 $42.82 $42.59 (p)$43.40

Average weekly hours

38.2 38.6 38.0 (p)38.1

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Apr.
2022
May
2022
Jun.
2022
Jul.
2022

Average hourly earnings

$36.56 $36.26 $36.13 (p)$36.51

Average weekly hours

38.5 39.0 37.7 (p)37.6

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2021
Hourly Annual
Median Mean Median Mean

Customer service representatives

21.84 21.90 45,420 45,550

Laborers and freight, stock, and material movers, hand

14.82 16.62 30,830 34,560

Office clerks, general

17.91 19.29 37,250 40,110

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

35.68 39.24 74,220 81,610

Sales representatives, wholesale and manufacturing, technical and scientific products

47.34 49.99 98,470 103,980

(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 2018

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

Total recordable cases

1.4

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

0.8

Cases involving days away from work

0.4

Cases involving days of job transfer or restriction

0.4

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
2nd quarter
2021
3rd quarter
2021
4th quarter
2021
1st quarter
2022

Number of establishments

Private industry

132,713 132,652 132,663 (p)130,809

Local government

1 1 2 (p)2

Federal government

       

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

Data series Back
data
2018 2019 2020 2021

Labor productivity index, output per hour

128.740 136.048 142.174 151.838

Percent change from previous year

-2.0 5.7 4.5 6.8

Labor index, total labor hours

99.040 93.713 90.761 91.769

Percent change from previous year

-3.6 -5.4 -3.2 1.1

Output index

127.504 127.495 129.038 139.340

Percent change from previous year

-5.5 0.0 1.2 8.0

Unit labor costs index

87.186 88.539 86.983 87.019

Percent change from previous year

0.3 1.6 -1.8 0.0

(Source: Productivity and Costs)

 

Data extracted on: September 22, 2022