Employment for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) in the United States
IPUIN4883W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.70
Year-over-Year Change
6.66%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in support activities for water transportation in the United States. It provides insight into the labor market dynamics within the maritime logistics 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 Employment for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) metric tracks the number of people employed in functions like port operations, cargo handling, and other allied services for waterborne commerce. This data offers a window into the health and trends of the U.S. maritime transportation industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by policymakers, industry analysts, and supply chain professionals to gauge the operational capacity and economic performance of the nation's seaports and maritime logistics infrastructure.
Key Facts
- Employment in NAICS 4883 supports over 600,000 jobs in the U.S.
- The sector saw a sharp decline during the COVID-19 pandemic but has since recovered.
- Ports and maritime logistics are critical to international trade and domestic supply chains.
FAQs
Q: What does this economic trend measure?
A: This metric tracks employment levels in support activities for water transportation in the United States, including functions like port operations, cargo handling, and other allied maritime logistics services.
Q: Why is this trend relevant for users or analysts?
A: The employment data for NAICS 4883 provides valuable insights into the operational capacity and economic performance of the nation's seaports and maritime transportation infrastructure, which are crucial to international trade and domestic supply chains.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and supply chain professionals closely monitor this employment metric to gauge the health and trends of the U.S. maritime logistics sector, which informs decisions related to infrastructure investment, trade policy, and supply chain resilience.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of approximately one month.
Related Trends
Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Other (NAICS 48799) in the United States
IPUIN48799L010000000
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IPUIN484220L010000000
Employment for Transportation and Warehousing: Scenic and Sightseeing Transportation, Land (NAICS 487110) in the United States
IPUIN487110W010000000
Labor Compensation for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
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Hours Worked for Transportation and Warehousing: Interurban and Rural Bus Transportation (NAICS 48521) in the United States
IPUIN48521L200000000
Output per Worker for Transportation and Warehousing: General Warehousing and Storage (NAICS 49311) in the United States
IPUIN49311W000000000
Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) in the United States (IPUIN4883W200000000), retrieved from FRED.