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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
Mar.
2024
Apr.
2024
May
2024
Jun.
2024

Employment (in thousands)

Employment, all employees (seasonally adjusted)

513.4 514.9 (p)514.3 (p)514.7

Employment, production and nonsupervisory employees

383.2 384.3 (p)386.5  

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Employment by Occupation

Data series Employment,
2023

Customer service representatives

19,840

Laborers and freight, stock, and material movers, hand

15,980

Office clerks, general

16,720

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

130,340

Sales representatives, wholesale and manufacturing, technical and scientific products

18,720

(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
Feb.
2024
Mar.
2024
Apr.
2024
May
2024

Average hourly earnings

$47.13 $47.46 $47.63 (p)$47.04

Average weekly hours

37.6 37.3 37.3 (p)37.4

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Feb.
2024
Mar.
2024
Apr.
2024
May
2024

Average hourly earnings

$38.31 $38.25 $38.35 (p)$37.65

Average weekly hours

38.0 37.6 37.5 (p)37.4

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2023
Hourly Annual
Median Mean Median Mean

Customer service representatives

22.72 24.23 47,270 50,400

Laborers and freight, stock, and material movers, hand

17.75 18.29 36,920 38,040

Office clerks, general

20.36 21.16 42,350 44,010

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

36.86 43.86 76,660 91,220

Sales representatives, wholesale and manufacturing, technical and scientific products

50.61 54.64 105,270 113,650

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

Number of establishments

Private industry

(p)123,969 (p)123,218 (p)122,943 (p)122,487

Local government

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

Federal government

       

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

Data series Back
data
2020 2021 2022 2023

Labor productivity index, output per hour

110.138 96.928 89.373 90.713

Percent change from previous year

5.4 -12.0 -7.8 1.5

Labor index, total labor hours

88.182 91.079 91.675 93.441

Percent change from previous year

-5.4 3.3 0.7 1.9

Output index

97.122 88.281 81.932 84.763

Percent change from previous year

-0.2 -9.1 -7.2 3.5

Unit labor costs index

98.555 117.163 137.871 136.685

Percent change from previous year

-0.4 18.9 17.7 -0.9

(Source: Productivity and Costs)

 

Data extracted on: July 12, 2024