Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 48721) in the United States
IPUIN48721L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.35
Year-over-Year Change
19.13%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the scenic and sightseeing transportation, water industry in the United States. It provides insights into the activity and labor demand within this specialized 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, Water (NAICS 48721) metric tracks employment levels and production in this niche transportation segment. It is a useful indicator for analysts and policymakers monitoring the tourism and leisure industries.
Methodology
The data is collected through surveys of U.S. businesses in the scenic and sightseeing water transportation industry.
Historical Context
This trend can signal changes in consumer demand and the overall health of the tourism economy.
Key Facts
- The series dates back to 1972.
- Scenic and sightseeing water transport is a niche sub-sector of the broader transportation industry.
- The metric can indicate the strength of the leisure and tourism economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of hours worked in the scenic and sightseeing transportation, water industry (NAICS 48721) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment and production levels within this specialized transportation sub-sector, which is tied to the broader tourism and leisure economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses in the scenic and sightseeing water transportation industry.
Q: How is this trend used in economic policy?
A: This trend can signal changes in consumer demand and the overall health of the tourism economy, which is relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is subject to the normal publication schedule and revision processes of the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 48721) in the United States (IPUIN48721L010000000), retrieved from FRED.