Hours Worked for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) in the United States
IPUIN493120L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.56
Year-over-Year Change
41.31%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the refrigerated warehousing and storage industry, a critical component of the U.S. transportation and logistics sector. It provides insights into the operational capacity and labor demands within this specialized segment of the economy.
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: Refrigerated Warehousing and Storage (NAICS 493120) trend tracks the total number of hours worked by employees in this industry. It serves as an important indicator of production and labor utilization within the refrigerated storage and distribution infrastructure that supports the movement of perishable goods across the country.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the refrigerated warehousing and storage industry.
Historical Context
This trend is closely monitored by policymakers, logistics companies, and supply chain analysts to assess the capacity and efficiency of the nation's cold chain infrastructure.
Key Facts
- Refrigerated warehousing and storage is a $15 billion industry in the U.S.
- The sector employs over 180,000 workers nationwide.
- Demand for cold chain services has grown due to the rise of e-commerce and perishable food shipments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the refrigerated warehousing and storage industry (NAICS 493120) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the operational capacity and labor demands within the critical cold chain infrastructure that supports the movement of perishable goods across the country.
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 in the refrigerated warehousing and storage industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, logistics companies, and supply chain analysts to assess the capacity and efficiency of the nation's cold chain infrastructure.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be lags in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) in the United States (IPUIN493120L200000000), retrieved from FRED.