Hours Worked for Transportation and Warehousing: Local Messengers and Local Delivery (NAICS 4922) in the United States
IPUIN4922L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
321.91
Year-over-Year Change
342.11%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the average weekly hours worked by employees in the local messengers and local delivery industry (NAICS 4922) in the United States. It provides insights into the labor dynamics of the transportation and warehousing 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: Local Messengers and Local Delivery (NAICS 4922) in the United States is a key metric that economists and policymakers use to analyze trends in the delivery services industry. It serves as a gauge of productivity, labor demand, and economic conditions within this important logistics segment.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by industry analysts and government agencies to inform economic and transportation policy decisions.
Key Facts
- The average weekly hours peaked at 42.1 in January 2022.
- Hours worked declined during the COVID-19 pandemic but have since rebounded.
- This industry employs over 300,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average weekly hours worked by employees in the local messengers and local delivery industry (NAICS 4922) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor dynamics and productivity of the transportation and warehousing sector, which is crucial for understanding economic conditions and informing policy decisions.
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 trend is closely monitored by industry analysts and government agencies to inform economic and transportation policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Local Messengers and Local Delivery (NAICS 4922) in the United States (IPUIN4922L010000000), retrieved from FRED.