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.

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	Jun. 2024	Jul. 2024	Aug. 2024	Sep. 2024
Employment (in thousands)
Employment, all employees (seasonally adjusted)		512.5	513.2	(p)513.1	(p)513.5
Employment, production and nonsupervisory employees		389.9	395.2	(p)395.1
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	May 2024	Jun. 2024	Jul. 2024	Aug. 2024
Average hourly earnings		$47.01	$46.48	$46.04	(p)$45.29
Average weekly hours		37.4	38.4	37.8	(p)37.9
Footnotes (p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series	Back data	May 2024	Jun. 2024	Jul. 2024	Aug. 2024
Average hourly earnings		$37.63	$37.06	$36.93	(p)$36.02
Average weekly hours		37.4	38.1	37.5	(p)38.1
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	2nd quarter 2023	3rd quarter 2023	4th quarter 2023	1st quarter 2024
Number of establishments
Private industry		122,590	122,232	121,374	(p)119,552
Local government		4	4	4	(p)4
Federal government					(p)1
Footnotes (p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

This section presents productivity and related data for the industry, presented as the percent change from the previous year. Measures of labor productivity, or output per hour, compare the growth in output to the growth in hours worked. Growth in unit labor costs represent the annual change in the labor cost of producing one unit of output.

Data series	Back data	2020	2021	2022	2023
Labor productivity, output per hour		5.4	-12.0	-7.8	1.5
Hours worked		-5.4	3.3	0.7	1.9
Output		-0.2	-9.1	-7.2	3.5
Unit labor costs		-0.4	18.9	17.7	-0.9

(Source: Productivity)

 

Data extracted on: October 22, 2024