Hours Worked for Transportation and Warehousing: Interurban and Rural Bus Transportation (NAICS 4852) in the United States
Millions of Hours
IPUIN4852L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.27
Year-over-Year Change
-16.26%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Millions of Hours' trend measures the total number of hours worked across the U.S. manufacturing sector. It is a key indicator of industrial activity and productivity levels.
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
This monthly series tracks the total number of hours worked by production and nonsupervisory employees in the U.S. manufacturing industry. It provides insights into the overall level of manufacturing activity and can signal shifts in economic growth.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Millions of Hours' trend is closely monitored by economists, policymakers, and investors to gauge the health of the U.S. industrial sector.
Key Facts
- The series reached an all-time high of 423.7 million hours in December 2018.
- Manufacturing hours declined sharply during the 2008-2009 recession but have since recovered.
- The series is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Hours' trend measures the total number of hours worked by production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall level of manufacturing activity and can signal shifts in economic growth and industrial productivity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Millions of Hours' trend is closely monitored by economists, policymakers, and investors to gauge the health of the U.S. industrial sector.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Millions of Hours (IPUIN4852L200000000), retrieved from FRED.