Employment for Transportation and Warehousing: Scenic and Sightseeing Transportation, Other (NAICS 487990) in the United States
IPUIN487990W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
3.33%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator tracks employment in the scenic and sightseeing transportation industry, which includes businesses providing transportation services for leisure and tourism purposes. It serves as a key metric for analyzing trends in the travel and hospitality sectors.
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: Scenic and Sightseeing Transportation, Other (NAICS 487990) series measures the number of people employed in businesses that offer transportation services for leisure activities and sightseeing. This data provides insights into the health and activity levels of the tourism industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
Policymakers and industry analysts use this employment metric to gauge consumer demand and economic conditions in the travel and tourism sectors.
Key Facts
- The scenic and sightseeing transportation industry accounts for over 36,000 jobs in the U.S.
- Employment in this sector has seen steady growth since the early 2010s.
- The COVID-19 pandemic caused a sharp decline in employment for this industry in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks employment in the scenic and sightseeing transportation industry, which includes businesses that provide transportation services for leisure and tourism purposes.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the health and activity levels of the tourism industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this employment metric to gauge consumer demand and economic conditions in the travel and tourism sectors.
Q: Are there update delays or limitations?
A: The data is released monthly, but may be subject to revisions and can be impacted by seasonal factors or economic shocks.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Scenic and Sightseeing Transportation, Other (NAICS 487990) in the United States (IPUIN487990W200000000), retrieved from FRED.