Hours Worked for Transportation and Warehousing: Couriers and Express Delivery Services (NAICS 49211) in the United States
IPUIN49211L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,421.16
Year-over-Year Change
76.12%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked by employees in the couriers and express delivery services industry in the United States. It provides insight into the activity and labor demand within this important 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) series tracks the total number of hours worked by production and nonsupervisory employees in this segment of the transportation and warehousing industry. It offers a real-time indicator of labor input and operational capacity.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of the logistics and distribution sectors.
Key Facts
- Couriers and express delivery are a major component of the U.S. transportation and logistics industry.
- Hours worked in this sector can signal changes in consumer demand and economic activity.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by production and nonsupervisory employees in the couriers and express delivery services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the activity and labor demand within the important logistics and distribution sectors, which are closely tied to broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of the logistics and distribution sectors, which have significant implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of several weeks from the end of the reference period.
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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 (IPUIN49211L200000000), retrieved from FRED.