Hourly Compensation for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.04
Year-over-Year Change
45.90%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures hourly compensation for line-haul railroad workers in the United States. It provides valuable insights into labor costs and productivity in the transportation and warehousing industry.
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 Hourly Compensation for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States metric tracks changes in the average hourly compensation, including wages and benefits, for employees in the line-haul railroad industry. This data point is used by economists and policymakers to analyze labor market conditions and productivity trends in the transportation sector.
Methodology
The data is collected through surveys of transportation and warehousing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding labor market dynamics and cost pressures in the rail transportation industry, which is a critical component of the broader logistics and supply chain infrastructure.
Key Facts
- Hourly compensation includes wages and benefits.
- Line-haul railroads are a critical component of the U.S. logistics network.
- This metric provides insights into labor market trends in the transportation industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for employees in the line-haul railroad industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market dynamics and cost pressures in the transportation and logistics sector, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of transportation and warehousing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to analyze labor market conditions and productivity trends in the rail transportation industry, which informs decision-making related to infrastructure investment, regulation, and economic policy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, but may be subject to occasional delays or revisions due to the nature of the survey process.
Related Trends
Hours Worked for Transportation and Warehousing: Support Activities for Rail Transportation (NAICS 488210) in the United States
IPUIN488210L010000000
Unit Labor Costs for Transportation and Warehousing: Postal Service (NAICS 49111) in the United States
IPUIN49111U100000000
Hourly Compensation for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
IPUIN484U120000000
Labor Compensation for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 49312) in the United States
IPUIN49312U110000000
Employment for Transportation and Warehousing: Other Pipeline Transportation (NAICS 4869) in the United States
IPUIN4869W010000000
Intermediate Inputs Intensity for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481P061000000
Citation
U.S. Federal Reserve, Hourly Compensation for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States (IPUIN482111U120000000), retrieved from FRED.