Hours Worked for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.91
Year-over-Year Change
3.12%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the U.S. transportation and warehousing industry, specifically focused on long-distance general freight trucking. It provides valuable insights into labor demand and productivity in a critical 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 Hours Worked for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) trend tracks the total employee hours worked in this specialized trucking industry. It serves as an indicator of activity and capacity utilization, helping economists and policymakers assess the health of the broader logistics and supply chain ecosystem.
Methodology
The data is collected through surveys of businesses in this industry sector.
Historical Context
This metric is closely monitored by transportation analysts, logistics companies, and economic policymakers to gauge the state of the freight transportation market.
Key Facts
- Long-distance general freight trucking accounts for a significant share of the U.S. transportation and warehousing industry.
- Hours worked in this sector are a leading indicator of supply chain activity and economic growth.
- Trends in this metric can signal changes in consumer demand, production levels, and freight capacity utilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the U.S. long-distance general freight trucking industry, which is a critical component of the broader transportation and warehousing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor demand, productivity, and capacity utilization in the freight transportation market, which is a key indicator of broader economic conditions and supply chain dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses operating in the long-distance general freight trucking industry (NAICS code 48412).
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the health of the logistics and supply chain ecosystem, which can inform decisions related to infrastructure investment, transportation regulations, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States (IPUIN48412L010000000), retrieved from FRED.