Output per Worker for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.11
Year-over-Year Change
26.78%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the line-haul railroad industry, which is a key indicator of efficiency and competitiveness 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
Output per worker tracks the relationship between economic output and labor input, providing insights into industry-level productivity trends. This metric is closely monitored by policymakers and analysts to assess the competitive position of U.S. transportation industries.
Methodology
The data is calculated by the U.S. Federal Reserve using production and employment figures reported by line-haul railroad companies.
Historical Context
Policymakers and industry analysts use this productivity trend to gauge the international competitiveness of the U.S. freight rail system.
Key Facts
- Line-haul railroads are a critical component of the U.S. freight transportation network.
- Output per worker is a key measure of industry-level labor productivity.
- This metric helps evaluate the competitiveness of the U.S. freight rail system.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the line-haul railroad industry, tracking the relationship between economic output and labor input.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the efficiency and competitiveness of the U.S. freight rail system, which is closely monitored by policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and employment figures reported by line-haul railroad companies.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this productivity trend to gauge the international competitiveness of the U.S. freight rail system.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and practices of the line-haul railroad companies.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States (IPUIN482111W000000000), retrieved from FRED.