Hours Worked for Transportation and Warehousing: Support Activities for Transportation (NAICS 488) in the United States
IPUIN488L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.58
Year-over-Year Change
42.48%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the number of hours worked in the transportation and warehousing support activities sector in the United States. It provides insights into the labor dynamics of this critical industry.
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: Support Activities for Transportation (NAICS 488) metric tracks the total number of hours worked by employees in this subsector. It offers a granular view of labor utilization and productivity trends in the transportation support industry.
Methodology
The data is collected through surveys of businesses and establishments in the NAICS 488 sector.
Historical Context
This indicator is used by economists and policymakers to monitor the health and activity levels of the transportation and logistics industry.
Key Facts
- The transportation and warehousing support sector accounts for over 1 million U.S. jobs.
- This indicator has shown steady growth over the past decade, reflecting the expansion of e-commerce and logistics.
- Monitoring hours worked helps analysts assess labor market conditions and productivity trends in a key economic industry.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of hours worked by employees in the transportation and warehousing support activities sector (NAICS 488) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and productivity trends in a critical industry supporting the broader transportation and logistics ecosystem.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the NAICS 488 sector.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to monitor the health and activity levels of the transportation and logistics industry, which is vital for trade, commerce, and supply chain management.
Q: Are there update delays or limitations?
A: This data is published monthly with a relatively short lag, making it a timely indicator of labor market conditions in the transportation support sector.
Related Trends
Labor Compensation for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422L020000000
Real Sectoral Output for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111T011000000
Employment for Transportation and Warehousing: Rail Transportation (NAICS 482) in the United States
IPUIN482W200000000
Hourly Compensation for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210U121000000
Hourly Compensation for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412U120000000
Sectoral Output for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492T301000000
Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Support Activities for Transportation (NAICS 488) in the United States (IPUIN488L010000000), retrieved from FRED.