Employment for Transportation and Warehousing: Pipeline Transportation (NAICS 486) in the United States
IPUIN486W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.34
Year-over-Year Change
22.08%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the pipeline transportation industry, a key component of the broader transportation and warehousing sector in the United States. It provides valuable insights into the health and activity of this critical infrastructure industry.
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 pipeline transportation industry (NAICS 486) is responsible for the transport of crude oil, natural gas, refined petroleum products, and other materials through pipelines. This employment series tracks the number of workers in this specialized industry, which plays a vital role in facilitating the flow of key commodities across the country.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in the pipeline transportation industry.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the state of the energy and logistics sectors.
Key Facts
- Pipeline transportation is a critical mode of energy infrastructure in the U.S.
- This industry employs over 40,000 workers as of the latest data.
- Pipeline transportation is a highly specialized and capital-intensive industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment levels in the pipeline transportation industry, which is responsible for the transport of crude oil, natural gas, and other commodities through pipelines across the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the activity and health of the pipeline transportation industry, which is a vital component of the country's energy and logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in the pipeline transportation industry (NAICS 486).
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to assess the state of the energy and logistics sectors and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a timely snapshot of employment levels in this specialized industry.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Pipeline Transportation (NAICS 486) in the United States (IPUIN486W010000000), retrieved from FRED.