Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 49111) in the United States
IPUIN49111L000000000 • 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 sector, which is a key indicator of efficiency and competitiveness in the transportation and warehousing 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 Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 49111) in the United States metric tracks the output per hour worked by postal service employees. It is a valuable economic indicator for understanding productivity trends and competitiveness in this vital logistics sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using output and employment figures for the Postal Service industry.
Historical Context
This productivity trend informs economic and policy decisions related to the postal and transportation sectors.
Key Facts
- The Postal Service is the largest logistics employer in the U.S.
- Postal productivity has increased 15% over the past decade.
- The U.S. Postal Service handles over 130 billion mail pieces annually.
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 by postal employees.
Q: Why is this trend relevant for users or analysts?
A: The postal productivity metric is a key indicator of efficiency and competitiveness in the broader transportation and logistics sector, which is vital to the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using output and employment figures for the Postal Service industry.
Q: How is this trend used in economic policy?
A: This productivity metric informs economic and policy decisions related to the postal and transportation sectors, including infrastructure investment, labor force planning, and regulatory oversight.
Q: Are there update delays or limitations?
A: The Postal Service productivity data is published quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 49111) in the United States (IPUIN49111L000000000), retrieved from FRED.