Output per Worker for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-372.73%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output per worker for the general freight trucking, long-distance industry in the United States. It provides insights into the productivity and efficiency of 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 Output per Worker for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) measures the real output per worker for this specific industry. It is a useful indicator of labor productivity and can inform policy decisions and business strategies.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry-level production and employment figures.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the competitiveness and operational efficiency of the long-distance freight trucking sector.
Key Facts
- The U.S. long-distance freight trucking industry employs over 800,000 workers.
- Output per worker in this sector has increased by 25% over the past decade.
- Trucking accounts for over 70% of total U.S. freight transportation by volume.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output per worker for the general freight trucking, long-distance industry (NAICS 48412) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and efficiency of the long-distance freight trucking sector, which is a critical component of the U.S. transportation and logistics infrastructure.
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 figures.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the competitiveness and operational efficiency of the long-distance freight trucking sector, which informs infrastructure investment and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States (IPUIN48412W001000000), retrieved from FRED.