Employment for Transportation and Warehousing: Freight Transportation Arrangement (NAICS 48851) in the United States
IPUIN48851W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.08
Year-over-Year Change
45.87%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the freight transportation arrangement industry, which is a key component of the broader transportation and warehousing sector. It provides important insights into the health and activity of logistics and supply chain operations.
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: Freight Transportation Arrangement (NAICS 48851) in the United States series tracks the number of people employed in businesses that arrange the transportation of freight and cargo by road, rail, sea, or air. This metric serves as a leading indicator for the broader logistics and supply chain industry.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by economists, policymakers, and industry analysts to gauge the strength of domestic and international trade and commerce.
Key Facts
- The freight transportation arrangement industry employs over 200,000 workers in the U.S.
- Employment in this sector has grown by over 20% in the past decade.
- The transportation and warehousing industry accounts for nearly 5% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the freight transportation arrangement industry, which includes businesses that organize the shipment of goods and cargo by road, rail, sea, and air.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides valuable insights into the health and activity of the broader logistics and supply chain industry, which is a critical component of domestic and international trade and commerce.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this employment trend to gauge the strength of trade, commerce, and overall economic activity.
Q: Are there update delays or limitations?
A: The employment data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Freight Transportation Arrangement (NAICS 48851) in the United States (IPUIN48851W010000000), retrieved from FRED.