Labor Productivity for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
IPUIN484220L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.17
Year-over-Year Change
23.53%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures labor productivity in the specialized freight (except used goods) trucking, local industry in the United States. It provides key insights into the efficiency and output of this crucial 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 labor productivity index tracks changes in the ratio of real output to the number of hours worked within the specialized freight trucking industry. This metric helps economists and policymakers assess the productivity and competitiveness of this supply chain component.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using measures of industry output and employee hours worked.
Historical Context
Trends in transportation productivity are closely monitored for their impact on inflation, trade, and broader economic performance.
Key Facts
- The labor productivity index has a base year of 2012 = 100.
- Productivity in this industry increased by 10.2% from 2019 to 2021.
- The specialized freight trucking sector accounts for over 1 million U.S. jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the specialized freight (except used goods) trucking, local industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in transportation productivity are closely monitored for their impact on inflation, trade, and broader economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using measures of industry output and employee hours worked.
Q: How is this trend used in economic policy?
A: This productivity metric helps economists and policymakers assess the efficiency and competitiveness of this crucial supply chain component.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Labor Productivity for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States (IPUIN484220L000000000), retrieved from FRED.