Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422L010000000 • 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 total hours worked in the local specialized freight (except used goods) trucking industry in the United States. It provides insights into the labor input and activity levels 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 Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) series tracks the total number of hours worked by employees in this specialized freight trucking industry. It serves as an indicator of production capacity, economic growth, and labor market trends within this important transportation segment.
Methodology
The data is collected through surveys of businesses in this industry by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, transportation analysts, and logistics managers to assess the health and dynamics of the local trucking industry.
Key Facts
- Specialized freight trucking accounts for over 1 million jobs in the U.S.
- This industry has seen steady growth in hours worked since the 2008-09 recession.
- Local trucking plays a vital role in last-mile delivery and supply chain operations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the local specialized freight (except used goods) trucking industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into production capacity, economic growth, and labor market trends within the crucial transportation and logistics sector of local specialized freight trucking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, transportation analysts, and logistics managers to assess the health and dynamics of the local trucking industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States (IPUIN48422L010000000), retrieved from FRED.