Output per Worker for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
IPUIN484220W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.00
Year-over-Year Change
26.06%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures output per worker in the specialized freight (except used goods) trucking, local industry in the United States. It provides insights into productivity and efficiency within this important 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 Output per Worker for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) metric tracks labor productivity by dividing the industry's total output by its total employment. It offers a gauge of operational efficiency and can inform business and policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using production and employment figures.
Historical Context
This productivity metric is closely watched by economists, policymakers, and industry analysts to assess the competitive position and growth potential of the local trucking sector.
Key Facts
- The local trucking industry accounts for over 600,000 jobs in the U.S.
- Output per worker has risen by 20% in this sector over the past decade.
- Productivity gains can impact pricing, profitability, and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric tracks output per worker in the specialized freight (except used goods) trucking, local industry (NAICS 484220) in the United States.
Q: Why is this trend relevant for users or analysts?
A: The output per worker ratio provides insights into the productivity and efficiency of this important logistics sector, which can inform business strategy and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using production and employment figures for the local trucking industry.
Q: How is this trend used in economic policy?
A: This productivity metric is closely watched by economists, policymakers, and industry analysts to assess the competitive position and growth potential of the local trucking sector.
Q: Are there update delays or limitations?
A: The output per worker data is published quarterly with a slight delay, providing a timely but not real-time view of productivity trends.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States (IPUIN484220W000000000), retrieved from FRED.