Hours Worked for Transportation and Warehousing: Couriers and Express Delivery Services (NAICS 49211) in the United States
IPUIN49211L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.94
Year-over-Year Change
76.12%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly hours worked in the Couriers and Express Delivery Services industry in the United States. It provides insight into the activity and labor demand within this key logistics 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: Couriers and Express Delivery Services (NAICS 49211) in the United States is an important indicator of economic activity and employment in the courier and package delivery industry. It is widely used by economists, policymakers, and market analysts to assess the health and trends within this critical logistics segment.
Methodology
The data is collected through surveys of businesses in the Couriers and Express Delivery Services industry.
Historical Context
This trend is closely monitored for its implications on consumer demand, supply chain dynamics, and broader economic conditions.
Key Facts
- Couriers and Express Delivery Services is a $100+ billion industry in the US.
- Employment in this sector has grown by over 25% in the past decade.
- Demand for express shipping surged during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly hours worked in the Couriers and Express Delivery Services industry (NAICS 49211) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the activity and labor demand within the critical courier and package delivery logistics sector, which has significant implications for consumer demand, supply chain dynamics, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the Couriers and Express Delivery Services industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess the health and trends within the courier and package delivery industry, which is a key component of the broader transportation and logistics sector.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Couriers and Express Delivery Services (NAICS 49211) in the United States (IPUIN49211L010000000), retrieved from FRED.