Labor Share for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481L030000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
35.40%
Date Range
1/1/1987 - 1/1/2023
Summary
The Labor Share for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States measures the fraction of total output in the air transportation industry that goes to employee compensation. This key economic indicator provides insights into productivity, industry profitability, and labor market trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the labor share, or the portion of total output that is paid to employees as compensation, in the U.S. air transportation industry. It is a valuable metric for analyzing industry profitability, productivity, and the distribution of economic gains between labor and capital.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Historical Context
Policymakers and economists use this labor share trend to monitor the health and competitiveness of the air transportation industry.
Key Facts
- Air transportation is a key component of the U.S. transportation and logistics sector.
- The labor share trend reflects the balance of power between workers and firms in the industry.
- Changes in labor share can signal productivity gains or losses, as well as shifts in industry profitability.
FAQs
Q: What does this economic trend measure?
A: The Labor Share for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States measures the fraction of total output in the air transportation industry that goes to employee compensation.
Q: Why is this trend relevant for users or analysts?
A: This labor share trend provides insights into productivity, industry profitability, and labor market dynamics in the air transportation sector, which is crucial for the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this labor share trend to monitor the health and competitiveness of the air transportation industry, which has important implications for the broader transportation and logistics sector.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Labor Statistics, but may be subject to revision and updates.
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IPUIN484230L000000000
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IPUIN4911U100000000
Unit Labor Costs for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
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Citation
U.S. Federal Reserve, Labor Share for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States (IPUIN481L030000000), retrieved from FRED.