Employment for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
IPUIN4842W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
474.30
Year-over-Year Change
7.43%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in specialized freight trucking, a crucial component of the U.S. transportation and logistics sector. It provides insights into labor market dynamics and supply chain activity.
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 Employment for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States metric tracks the number of workers employed in this specialized freight transportation industry. It offers a valuable indicator of economic activity and the health of the broader logistics ecosystem.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the state of the freight transportation market and broader economic conditions.
Key Facts
- Specialized freight trucking is a $300 billion industry in the U.S.
- The sector employs over 1 million workers nationwide.
- Trucking accounts for 80% of freight transportation in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment levels in the specialized freight trucking industry, which is a key component of the U.S. transportation and logistics sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health of the freight transportation market and the broader economy, making it closely monitored by policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of the freight transportation industry and broader economic conditions, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical 1-2 month lag in availability.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States (IPUIN4842W200000000), retrieved from FRED.