Hours Worked for Transportation and Warehousing: Taxi and Limousine Service (NAICS 4853) in the United States
IPUIN4853L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.52
Year-over-Year Change
105.81%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hours Worked for Transportation and Warehousing: Taxi and Limousine Service (NAICS 4853) in the United States measures the total hours worked by employees in the taxi and limousine service industry. This metric is a key indicator of economic activity and labor demand in the transportation 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
This series represents the total number of hours worked by employees in the taxi and limousine service industry, classified under NAICS code 4853. It provides insights into labor utilization and productivity trends within the broader transportation and warehousing sector.
Methodology
The data is collected through surveys of businesses and establishments in the taxi and limousine service industry.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of the transportation services market.
Key Facts
- Taxi and limousine service is a subset of the broader transportation and warehousing sector.
- Hours worked in this industry can fluctuate based on factors like consumer demand and regulatory changes.
- The taxi and limousine service industry employs a significant number of workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the taxi and limousine service industry in the United States, which is classified under NAICS code 4853.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and productivity trends within the broader transportation and warehousing sector, which is crucial for understanding economic activity and market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the taxi and limousine service industry.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of the transportation services market, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting and potential limitations in capturing all taxi and limousine service activities, as the industry can include both formal and informal economic activity.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Taxi and Limousine Service (NAICS 4853) in the United States (IPUIN4853L010000000), retrieved from FRED.