Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
303.70
Year-over-Year Change
8.05%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the specialized freight (except used goods) trucking, long-distance industry in the United States. It provides important insights into the level of economic activity and labor utilization within this critical 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, Long-Distance (NAICS 484230) series tracks the total number of hours worked by employees in this industry. It serves as a key indicator of production capacity, supply chain dynamics, and overall economic conditions in the long-distance trucking market.
Methodology
The data is collected through surveys of businesses in the specialized freight trucking industry.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess the health and outlook of the transportation and logistics sector.
Key Facts
- The specialized freight trucking industry employs over 700,000 workers in the U.S.
- Long-distance trucking accounts for over 40% of total freight transportation in the U.S.
- Trucking is the primary mode of freight transportation, moving over 70% of domestic cargo.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the specialized freight (except used goods) trucking, long-distance industry (NAICS 484230) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the level of economic activity and labor utilization within the critical transportation and logistics sector, which is closely monitored by 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 closely watched by policymakers and economists to assess the health and outlook of the transportation and logistics sector, which plays a vital role in the broader economy.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric may not capture all activities within the specialized freight trucking industry.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States (IPUIN484230L200000000), retrieved from FRED.