Employment for Transportation and Warehousing: Inland Water Transportation (NAICS 48321) in the United States
IPUIN48321W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.70
Year-over-Year Change
14.67%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment levels in the U.S. inland water transportation industry, which is a crucial component of the overall 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 Inland Water Transportation employment series tracks the number of people employed in establishments that provide inland water transportation of passengers and cargo along the country's rivers, canals, and other waterways. This metric offers insight into the health and activity of this specialized transportation mode.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Monitoring this trend can help policymakers and industry analysts assess the performance and needs of the domestic waterborne freight and logistics system.
Key Facts
- Inland water transportation accounts for around 2% of total U.S. freight movement.
- The industry employs approximately 50,000 workers nationwide.
- Waterborne freight transport is one of the most fuel-efficient and environmentally-friendly modes of goods movement.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment levels in the U.S. inland water transportation industry, which includes establishments that provide passenger and cargo transport along the country's rivers, canals, and other waterways.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in the inland water transportation sector provides insight into the overall performance and activity of this crucial component of the U.S. logistics and freight infrastructure.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this employment metric to assess the health and needs of the domestic waterborne freight transportation system, which plays an important role in the broader U.S. logistics network.
Q: Are there update delays or limitations?
A: The employment data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Inland Water Transportation (NAICS 48321) in the United States (IPUIN48321W200000000), retrieved from FRED.