Employment for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188.24
Year-over-Year Change
138.18%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the transportation and warehousing industry, specifically for couriers and messengers (NAICS 492) in the United States. It provides insights into the labor market and demand for delivery services, which are important indicators of economic activity and consumer behavior.
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 Employment for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States trend tracks the number of individuals employed in the courier and messenger services industry. This metric is closely watched by economists and policymakers as it reflects the health of the logistics and delivery sectors, which are vital components of the broader economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Historical Context
This trend is used by analysts, investors, and policymakers to assess the performance and outlook of the transportation and logistics industry, as well as broader economic conditions.
Key Facts
- The U.S. courier and messenger industry employs over 800,000 workers.
- Employment in this sector has grown by over 20% in the past decade.
- The transportation and warehousing industry accounts for about 5% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment in the transportation and warehousing industry, specifically for couriers and messengers (NAICS 492) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched as it provides insights into the health of the logistics and delivery sectors, which are vital components of the broader economy. It reflects consumer and business demand for transportation and delivery services.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: This trend is used by analysts, investors, and policymakers to assess the performance and outlook of the transportation and logistics industry, as well as broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months. There may be revisions to historical data due to survey updates or methodology changes.
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Citation
U.S. Federal Reserve, Employment for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States (IPUIN492W010000000), retrieved from FRED.