Output per Worker for Transportation and Warehousing: General Freight Trucking, Local (NAICS 48411) in the United States
IPUIN48411W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
44.44%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the output per worker for the general freight trucking, local industry in the United States. It provides insight into the productivity and efficiency of this key 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: General Freight Trucking, Local (NAICS 48411) series tracks the real output per worker in this specific industry segment. It is a valuable indicator of labor productivity trends and can help inform economic and policy decision-making.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry-level production and employment metrics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the competitiveness and growth potential of the transportation and logistics sector.
Key Facts
- The U.S. general freight trucking, local industry employs over 1 million workers.
- Productivity in this sector has increased by 15% over the past decade.
- Trucking is a critical link in the U.S. supply chain, accounting for over 70% of domestic freight volume.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output per worker in the general freight trucking, local industry (NAICS 48411) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and efficiency of a crucial transportation and logistics sector, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on industry-level production and employment metrics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this trend to assess the competitiveness and growth potential of the transportation and logistics sector, which informs economic and policy decision-making.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve, but there may be occasional delays or revisions due to the complexity of the underlying data sources.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: General Freight Trucking, Local (NAICS 48411) in the United States (IPUIN48411W001000000), retrieved from FRED.