Employment for Transportation and Warehousing: Support Activities for Rail Transportation (NAICS 488210) in the United States
IPUIN488210W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
-52.43%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures employment in support activities for rail transportation in the United States. It provides insights into the labor market dynamics within the transportation and warehousing sector, which is crucial for monitoring economic activity and infrastructure investment.
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: Support Activities for Rail Transportation (NAICS 488210) trend tracks the number of workers engaged in support services for rail transportation, such as loading, unloading, and maintenance of rail cars. This metric serves as an indicator of the overall health and capacity of the rail transportation industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through its monthly establishment survey.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the performance and outlook of the transportation and logistics sector, which is a key driver of economic growth.
Key Facts
- The rail transportation support industry employs over 200,000 workers in the U.S.
- Employment in this sector has grown by 15% over the past decade.
- The COVID-19 pandemic caused a temporary decline in rail transportation support employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees engaged in support activities for rail transportation in the United States, such as loading, unloading, and maintenance of rail cars.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and capacity of the rail transportation industry, which is a key component of the broader transportation and logistics sector and a driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its monthly establishment survey.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to assess the performance and outlook of the transportation and logistics sector, which informs infrastructure investment, economic planning, and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Support Activities for Rail Transportation (NAICS 488210) in the United States (IPUIN488210W201000000), retrieved from FRED.