Hours Worked for Transportation and Warehousing: Other Support Activities for Transportation (NAICS 48899) in the United States
IPUIN48899L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.71
Year-over-Year Change
20.32%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total number of hours worked in the transportation and warehousing industry's other support activities for transportation, providing insight into the labor dynamics of this 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 'Hours Worked for Transportation and Warehousing: Other Support Activities for Transportation (NAICS 48899)' metric tracks the total number of labor hours contributed to transportation-related support services in the United States. This data point is useful for analyzing workforce trends and productivity within the broader logistics and supply chain industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely monitored by policymakers, economists, and industry analysts to gauge the health and growth of the transportation and logistics sectors.
Key Facts
- The transportation and warehousing sector employs over 5 million workers in the U.S.
- Support activities like loading, unloading, and customs clearance account for 10% of transportation industry employment.
- Hours worked data provides a leading indicator of productivity and economic conditions in the logistics field.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of labor hours contributed to transportation-related support services in the United States, providing insight into the workforce dynamics of this industry.
Q: Why is this trend relevant for users or analysts?
A: The hours worked data is closely monitored by policymakers, economists, and industry analysts to gauge the health and growth of the broader transportation and logistics sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is used by policymakers and analysts to assess the strength and productivity of the logistics industry, which is a critical component of the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, providing a timely but not real-time view of employment trends in this sector.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Other Support Activities for Transportation (NAICS 48899) in the United States (IPUIN48899L010000000), retrieved from FRED.