Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-68.49%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the hours worked in the specialized freight trucking, local industry (NAICS 48422) in the United States. It provides insights into the labor dynamics and productivity 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 metric tracks the total number of hours logged by employees in the specialized freight trucking, local industry. This data point is used by economists and policymakers to analyze labor market trends, productivity, and the overall health of the transportation and logistics industry.
Methodology
The data is collected through surveys of businesses in the specialized freight trucking, local industry.
Historical Context
This trend is relevant for understanding the operational capacity and labor utilization within the transportation and logistics supply chain.
Key Facts
- The specialized freight trucking, local industry is a crucial component of the U.S. transportation and logistics network.
- Hours worked data provides insights into labor productivity and capacity utilization in this sector.
- Analyzing this trend can help policymakers and economists understand supply chain dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the specialized freight trucking, local industry (NAICS 48422) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor dynamics, productivity, and the overall health of the transportation and logistics sector, which is crucial for understanding supply chain operations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the specialized freight trucking, local industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze labor market conditions, productivity, and the operational capacity within the transportation and logistics supply chain.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of business surveys, and may have limited granularity or regional coverage.
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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 (IPUIN48422L201000000), retrieved from FRED.