Output per Worker for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States
IPUIN493110W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.30
Year-over-Year Change
-261.43%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend measures output per worker in the general warehousing and storage industry, a key component of the transportation and warehousing sector. It provides insight into productivity and operational efficiency within this crucial logistics segment.
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 Output per Worker for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States series tracks the inflation-adjusted real output per worker in this specific industry. It is an important metric for analyzing labor productivity and operational performance trends in the logistics and distribution supply chain.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry output and employment figures.
Historical Context
This productivity trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of the U.S. logistics sector.
Key Facts
- This industry accounts for over 1 million U.S. jobs.
- Productivity growth averages 1-2% annually in this sector.
- Efficient warehousing is critical for modern supply chains.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output per worker in the general warehousing and storage industry, a key component of the U.S. transportation and logistics sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring productivity in this industry provides important insights into the operational efficiency and competitiveness of a crucial segment of the supply chain.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects industry output and employment data to calculate this real output per worker metric.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely track this productivity trend to assess the health and performance of the U.S. logistics sector.
Q: Are there update delays or limitations?
A: This data series is published on a regular schedule with minimal delays, providing timely insights into warehousing and transportation productivity.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: General Warehousing and Storage (NAICS 493110) in the United States (IPUIN493110W001000000), retrieved from FRED.