Unit Labor Costs for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.70
Year-over-Year Change
11600.00%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic indicator measures unit labor costs for specialized freight (except used goods) trucking, long-distance (NAICS 484230) in the United States. It is a key metric for analyzing productivity and labor market trends in the transportation and warehousing 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
Unit labor costs represent the cost of labor per unit of output. This series tracks changes in labor costs per unit of real output for the specialized freight trucking industry, providing insights into productivity and inflationary pressures in this important logistics sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of industry output and labor compensation.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and efficiency of the transportation and logistics industry.
Key Facts
- Measures labor costs per unit of output for long-distance specialized freight trucking.
- An indicator of productivity and inflationary pressures in the transportation sector.
- Provides insights into the competitiveness of the logistics industry.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks unit labor costs for the specialized freight (except used goods) trucking, long-distance (NAICS 484230) industry in the United States. It measures the cost of labor per unit of output in this important transportation sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key metric for analyzing productivity and inflationary pressures in the transportation and logistics industry. This data provides insights into the competitiveness and efficiency of the specialized freight trucking sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of industry output and labor compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and efficiency of the transportation and logistics industry, which is crucial for supporting economic growth and trade.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve with a typical lag of 2-3 months.
Related Trends
Employment for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
IPUIN4842W200000000
Labor Productivity for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230L000000000
Sectoral Output Price Deflator for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States
IPUIN493110T050000000
Output per Worker for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422W000000000
Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422T300000000
Employment for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412W200000000
Citation
U.S. Federal Reserve, Unit Labor Costs for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States (IPUIN484230U101000000), retrieved from FRED.