Employment for Transportation and Warehousing: Freight Transportation Arrangement (NAICS 4885) in the United States
IPUIN4885W010000000 • 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 (NAICS 4885) in the United States. It provides insights into the labor market for this crucial 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 freight transportation arrangement industry (NAICS 4885) coordinates the transportation of freight and cargo using a variety of modes, including air, rail, and trucking. This employment index is an important indicator of economic activity and supply chain dynamics.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Historical Context
Policymakers and analysts monitor this trend to assess the health of the logistics and transportation sectors.
Key Facts
- The freight transportation arrangement industry employs over 200,000 workers in the U.S.
- Employment in this sector grew by 15% from 2015 to 2020.
- The COVID-19 pandemic caused a sharp decline in freight transportation employment in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the freight transportation arrangement industry (NAICS 4885) in the United States. It tracks the number of workers in businesses that coordinate the transportation of goods and cargo.
Q: Why is this trend relevant for users or analysts?
A: This employment index provides insights into the health of the logistics and transportation sectors, which are crucial for supply chains and economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the state of the logistics industry and broader economic conditions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical release lag of one to two months.
Related Trends
Sectoral Output Price Deflator for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States
IPUIN493110T050000000
Employment for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
IPUIN48421W201000000
Hourly Compensation for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
IPUIN48421U120000000
Hours Worked for Transportation and Warehousing: Couriers and Express Delivery Services (NAICS 4921) in the United States
IPUIN4921L201000000
Sectoral Output for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) in the United States
IPUIN493120T301000000
Employment for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 49312) in the United States
IPUIN49312W201000000
Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Freight Transportation Arrangement (NAICS 4885) in the United States (IPUIN4885W010000000), retrieved from FRED.