Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Land (NAICS 4871) in the United States
IPUIN4871L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.59
Year-over-Year Change
-11.54%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the scenic and sightseeing transportation, land industry (NAICS 4871) in the United States. It provides insights into the labor input and productivity of this key 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
The Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Land (NAICS 4871) series tracks the total number of hours worked by employees in this subsector of the transportation industry. It is a valuable indicator of economic activity and labor utilization in the scenic and sightseeing transportation services market.
Methodology
The data is collected through surveys of businesses in the scenic and sightseeing transportation industry.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to gauge the health and trends within the tourism and transportation sectors.
Key Facts
- The scenic and sightseeing transportation, land industry is a key component of the U.S. tourism economy.
- Hours worked in this sector can fluctuate seasonally based on travel demand.
- Tracking this metric helps identify trends in the sightseeing and leisure transportation market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the scenic and sightseeing transportation, land industry (NAICS 4871) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and productivity within the tourism and transportation sectors, which are important for economic policymaking and industry analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the scenic and sightseeing transportation industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to gauge the health and trends within the tourism and transportation sectors, which have significant implications for the broader economy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the metric may not capture all aspects of the scenic and sightseeing transportation market.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Land (NAICS 4871) in the United States (IPUIN4871L010000000), retrieved from FRED.