Unit Labor Costs for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 49312) in the United States
IPUIN49312U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.88
Year-over-Year Change
46.40%
Date Range
1/1/1992 - 1/1/2022
Summary
The Unit Labor Costs for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 49312) in the United States measures the labor costs per unit of output in the refrigerated warehousing and storage industry. This metric is a key indicator of productivity and competitiveness in the 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
This series tracks the unit labor costs, which reflect the cost of labor required to produce one unit of output. It is a valuable indicator for economists and policymakers analyzing the productivity and competitiveness of the refrigerated warehousing and storage industry within the broader transportation and logistics sector.
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
Unit labor cost trends help inform economic policy decisions and market analysis related to the transportation and logistics industry.
Key Facts
- The refrigerated warehousing and storage industry is a critical component of the U.S. logistics sector.
- Unit labor costs reflect the efficiency and competitiveness of this industry.
- Tracking unit labor costs helps identify productivity trends and inform economic policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs, or the cost of labor required to produce one unit of output, in the refrigerated warehousing and storage industry (NAICS 49312) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and industry analysts as it provides insights into the productivity and competitiveness of the refrigerated warehousing and storage sector, which is a critical component of the broader transportation and logistics industry.
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: Trends in unit labor costs for the refrigerated warehousing and storage industry help inform economic policy decisions and market analysis related to the transportation and logistics sector.
Q: Are there update delays or limitations?
A: There may be some update delays or limitations in the data due to the survey-based collection methodology, but the U.S. Federal Reserve provides the most current information available through the FRED database.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 49312) in the United States (IPUIN49312U100000000), retrieved from FRED.