Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 4872) in the United States
IPUIN4872L010000000 • 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 total hours worked in the U.S. scenic and sightseeing transportation, water (NAICS 4872) sector. It provides insight into the labor dynamics and productivity of this important part of the transportation 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 Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 4872) in the United States metric tracks the total number of hours employees in this subsector have worked. It is a key indicator of output, capacity utilization, and industry health.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the state of the water transportation and tourism sectors.
Key Facts
- The data is published monthly.
- The peak was in July 2019 at 4.78 million hours worked.
- Hours dropped sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the U.S. scenic and sightseeing transportation, water (NAICS 4872) sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor dynamics, productivity, and overall health of the water transportation and tourism industries, which are important parts of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to assess the state of the water transportation and tourism sectors, which informs decisions around infrastructure, regulations, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Hours Worked for Transportation and Warehousing: Interurban and Rural Bus Transportation (NAICS 48521) in the United States
IPUIN48521L200000000
Hours Worked for Transportation and Warehousing: Scheduled Air Transportation (NAICS 48111) in the United States
IPUIN48111L200000000
Hours Worked for Transportation and Warehousing: Pipeline Transportation of Crude Oil (NAICS 4861) in the United States
IPUIN4861L200000000
Hours Worked for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
IPUIN48421L010000000
Employment for Transportation and Warehousing: Pipeline Transportation (NAICS 486) in the United States
IPUIN486W010000000
Capital Productivity for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481C001000000
Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 4872) in the United States (IPUIN4872L010000000), retrieved from FRED.