Output per Worker for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.74
Year-over-Year Change
3.16%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures output per worker in the air transportation industry, which is a key indicator of productivity and efficiency in the transportation and logistics sector.
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
The Output per Worker for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States tracks the inflation-adjusted real output per worker in the air transportation industry. This metric provides insights into labor productivity and can inform business strategies, investment decisions, and policy discussions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the air transportation industry.
Historical Context
Analysts and policymakers use this trend to monitor the competitiveness and efficiency of the air transportation sector.
Key Facts
- Air transportation is a vital component of the U.S. logistics and supply chain infrastructure.
- Improving output per worker can lead to lower costs and more affordable air travel.
- Productivity trends in air transportation can impact the broader economy through their effects on trade, tourism, and business operations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output per worker in the air transportation industry, which provides insights into labor productivity and operational efficiency.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the competitiveness and performance of the air transportation sector, which has significant implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the air transportation industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the efficiency and competitiveness of the air transportation sector, which can inform decisions related to infrastructure investment, regulatory frameworks, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the data source, and there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States (IPUIN481W000000000), retrieved from FRED.