Employment for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 48621) in the United States
IPUIN48621W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.30
Year-over-Year Change
24.32%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the pipeline transportation of natural gas industry in the United States. It is an important indicator of activity and labor demand in the critical natural gas infrastructure 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
The Employment for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 48621) in the United States data series tracks the number of people employed in this specialized transportation industry. It provides insights into the health and operations of this vital component of the nation's energy supply chain.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, energy analysts, and industry participants to gauge the state of natural gas infrastructure and transportation.
Key Facts
- The natural gas pipeline industry employs over 40,000 workers in the U.S.
- Employment in this sector has grown by 15% over the past decade.
- Pipeline transportation is a critical link between natural gas production and end-use consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the pipeline transportation of natural gas industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and operations of the critical natural gas infrastructure sector, which is closely monitored by policymakers, energy analysts, and industry participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, energy analysts, and industry participants to gauge the state of natural gas infrastructure and transportation, which is crucial for energy supply and distribution.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 48621) in the United States (IPUIN48621W200000000), retrieved from FRED.