Output per Worker for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) in the United States
IPUIN493120W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.30
Year-over-Year Change
-147.47%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend measures output per worker in the refrigerated warehousing and storage industry, a key indicator of productivity and efficiency in the transportation and 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 Output per Worker for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) series tracks the inflation-adjusted output per worker in this specialized warehousing industry, which plays a critical role in the distribution of perishable goods.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry production and employment figures.
Historical Context
Economists and policymakers monitor this trend to assess the competitiveness and technological progress of the refrigerated storage industry.
Key Facts
- The refrigerated warehousing industry employed over 185,000 workers in the U.S. as of 2022.
- Output per worker in this industry has increased by over 20% since 2015.
- Refrigerated warehousing is a key logistics hub for the distribution of temperature-sensitive foods and pharmaceuticals.
FAQs
Q: What does this economic trend measure?
A: This trend measures output per worker in the refrigerated warehousing and storage industry, which is a key indicator of productivity and efficiency in the transportation and logistics sector.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers monitor this trend to assess the competitiveness and technological progress of the refrigerated storage industry, which plays a crucial role in the distribution of perishable goods.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry production and employment figures.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the efficiency and competitiveness of the refrigerated warehousing industry, which is a critical component of the broader transportation and logistics sector.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, but there may be some delays in reporting due to the underlying data sources.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) in the United States (IPUIN493120W001000000), retrieved from FRED.