Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
IPUIN484220L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.98
Year-over-Year Change
7.96%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the local specialized freight (except used goods) trucking industry in the United States. It provides insights into labor utilization and productivity in the 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 Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) indicator tracks employment and labor input in the local specialized freight trucking industry. This metric is a key indicator of economic activity and capacity utilization in a critical component of the supply chain.
Methodology
The data is collected through surveys of businesses in the specialized freight trucking industry.
Historical Context
This trend is used by policymakers, economists, and industry analysts to monitor labor market conditions and logistics-related economic performance.
Key Facts
- The local specialized freight trucking industry employs over 600,000 workers in the U.S.
- Hours worked in this sector have increased by 12% over the past 5 years.
- Trucking accounts for over 80% of freight transportation in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of hours worked in the local specialized freight (except used goods) trucking industry, which is part of the broader transportation and warehousing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and productivity in a critical component of the U.S. supply chain, making it relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the specialized freight trucking industry.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to monitor labor market conditions and logistics-related economic performance.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States (IPUIN484220L010000000), retrieved from FRED.