Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Other (NAICS 48799) in the United States
IPUIN48799L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.81
Year-over-Year Change
-1.86%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly index of hours worked in the scenic and sightseeing transportation industry in the United States. It is an important indicator of activity and labor demand in the tourism and travel 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 Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Other (NAICS 48799) index tracks the total number of hours worked by employees in this subsector. It provides insights into production, capacity utilization, and labor market conditions within the broader transportation and tourism industries.
Methodology
The data is collected through surveys of U.S. businesses and calculated as an index relative to a base year.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the travel and tourism sectors.
Key Facts
- The index has a base year of 2012 = 100.
- The series began in January 1972.
- The data is released monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly index of hours worked in the scenic and sightseeing transportation industry in the United States, providing insights into production, capacity utilization, and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the travel and tourism sectors, which are important contributors to the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to understand and forecast activity in the travel and tourism sectors, which can inform decisions on economic policy, infrastructure investment, and support for the industry.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Other (NAICS 48799) in the United States (IPUIN48799L010000000), retrieved from FRED.