Employment for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
Thousands of Jobs
IPUIN484W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,727.30
Year-over-Year Change
11.19%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' economic trend measures the total number of jobs in the U.S. manufacturing sector. It is a key indicator of the health and growth of the American industrial economy.
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 'Thousands of Jobs' indicator tracks the total number of non-farm payroll jobs in the manufacturing industry. It is closely monitored by economists, policymakers, and investors to gauge the strength of U.S. industrial production and the broader economy.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This metric is widely used to inform economic policy decisions and market analysis.
Key Facts
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing accounts for nearly 12% of total U.S. economic output.
- Job growth in manufacturing has lagged behind the broader economy in recent decades.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' indicator tracks the total number of non-farm payroll jobs in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key barometer of the health and growth of the American industrial economy, making this metric highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the 'Thousands of Jobs' metric to inform decisions on trade, taxation, and other policies affecting the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUIN484W200000000), retrieved from FRED.