Hours Worked for Transportation and Warehousing: Rail Transportation (NAICS 482) in the United States
IPUIN482L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
308.12
Year-over-Year Change
-20.05%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the total number of hours worked in the rail transportation industry in the United States. It provides insights into the level of activity and labor demand within this key transportation 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 Hours Worked for Transportation and Warehousing: Rail Transportation (NAICS 482) trend represents the total number of hours worked by employees in the rail transportation industry. This metric is used by economists and policymakers to gauge the overall health and productivity of the rail sector, which is a critical component of the broader U.S. transportation and logistics infrastructure.
Methodology
The data is collected through surveys of businesses in the rail transportation industry and compiled by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by transportation analysts, logistics companies, and government agencies to assess economic conditions and inform policy decisions.
Key Facts
- Rail transportation is a major component of the U.S. logistics network.
- Hours worked is a key indicator of labor demand and industry productivity.
- Trends in rail hours can signal broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total number of hours worked by employees in the rail transportation industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of activity and labor demand within the critical rail transportation sector, which is a key component of the broader U.S. logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the rail transportation industry and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by transportation analysts, logistics companies, and government agencies to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Federal Reserve, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Rail Transportation (NAICS 482) in the United States (IPUIN482L200000000), retrieved from FRED.