Hours Worked for Transportation and Warehousing: Urban Transit Systems (NAICS 48511) in the United States
IPUIN48511L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.71
Year-over-Year Change
-1.12%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the urban transit systems industry (NAICS 48511) in the United States. It is an important indicator of labor demand and economic activity in the transportation and logistics sectors.
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: Urban Transit Systems (NAICS 48511) in the United States series tracks the total number of hours worked by all employees in the urban transit systems industry. This metric provides insight into the level of production and labor utilization within this key transportation segment.
Methodology
The data is collected through surveys of business establishments in the urban transit systems industry.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the transportation and logistics sectors.
Key Facts
- Urban transit systems employ over 200,000 workers in the U.S.
- Hours worked peaked in 2019 before declining during the COVID-19 pandemic.
- The transportation and warehousing sector accounts for over 5% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the urban transit systems industry (NAICS 48511) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of production and labor utilization within the urban transit systems industry, which is a key component of the broader transportation and logistics sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments in the urban transit systems industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the transportation and logistics sectors, which are important drivers of economic activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Urban Transit Systems (NAICS 48511) in the United States (IPUIN48511L010000000), retrieved from FRED.