Employment for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
IPUIN4841W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.20
Year-over-Year Change
-214.29%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures employment in the U.S. general freight trucking industry, which is a crucial component of the transportation and logistics sector. It provides valuable insights into the health and activity of this vital economic segment.
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 Employment for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States metric tracks the number of workers employed in this specific industry. It is an important indicator of economic activity and can help analysts and policymakers understand broader trends in logistics, trade, and supply chain dynamics.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is widely used by economists, investors, and policymakers to assess the state of the transportation and logistics industry and its broader economic implications.
Key Facts
- General freight trucking accounts for over 60% of total U.S. freight transportation revenue.
- The trucking industry employs over 3.5 million drivers in the United States.
- Trucking is responsible for moving over 70% of all freight tonnage in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment levels in the U.S. general freight trucking industry, which is a crucial component of the broader transportation and logistics sector.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the health and activity of the transportation and logistics industry, which has significant implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is widely used by economists, investors, and policymakers to assess the state of the transportation and logistics industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States (IPUIN4841W201000000), retrieved from FRED.