Hours Worked for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,146.58
Year-over-Year Change
2.18%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly index of hours worked in the Postal Service sector, which is part of the broader Transportation and Warehousing industry. It provides insights into labor activity and productivity in this critical logistics 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: Postal Service (NAICS 491110) in the United States index tracks the total number of hours worked by employees in the Postal Service, a key indicator of output and economic health in this sector. This data is used by economists and policymakers to assess labor market conditions and productivity trends.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is closely watched by analysts and policymakers to gauge the performance of the Postal Service and broader logistics industry.
Key Facts
- The Postal Service is a major employer, with over 600,000 workers.
- Postal Service hours worked peaked in 2006 and have declined since then.
- The Postal Service plays a critical role in the U.S. logistics infrastructure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly index of hours worked by employees in the Postal Service sector, which is part of the broader Transportation and Warehousing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor activity and productivity in the Postal Service, a key part of the U.S. logistics infrastructure. It is closely watched by economists and policymakers to gauge the performance of this critical industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by analysts and policymakers to assess the performance of the Postal Service and broader logistics industry, which is crucial for understanding employment, productivity, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
Related Trends
Unit Labor Costs for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492U101000000
Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491T050000000
Real Sectoral Output for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States
IPUIN4931T011000000
Sectoral Output Price Deflator for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States
IPUIN493110T051000000
Employment for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492W010000000
Unit Labor Costs for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481U101000000
Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States (IPUIN491110L200000000), retrieved from FRED.