Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.89
Year-over-Year Change
-27.14%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity in the U.S. Postal Service industry, a key indicator of operational efficiency and productivity growth.
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 Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 491110) index tracks output per hour worked in the U.S. Postal Service sector, providing insights into workforce productivity and operational performance.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using measures of industry output and employee hours.
Historical Context
Policymakers and industry analysts monitor this trend to assess the Postal Service's operational efficiency and productivity gains over time.
Key Facts
- The Postal Service is a major U.S. employer with over 600,000 workers.
- Productivity growth in the Postal Service can impact consumer prices and mail delivery times.
- Labor productivity in the Postal Service has increased by over 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. Postal Service industry, tracking output per hour worked as a key indicator of operational efficiency.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Postal Service productivity is important for understanding operational performance, workforce optimization, and potential impacts on consumer prices and mail delivery.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using measures of industry output and employee hours.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the Postal Service's operational efficiency and productivity gains, which can inform infrastructure investments, pricing, and workforce decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month lag, and may be subject to periodic revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States (IPUIN491110L000000000), retrieved from FRED.