Hours Worked for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States
IPUIN4931L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170.61
Year-over-Year Change
156.53%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the warehousing and storage industry in the United States. It provides insights into the level of activity and labor utilization in this critical 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 Hours Worked for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States is a key indicator for monitoring the operational capacity and employment dynamics within the warehousing and storage industry. It is used by economists and policymakers to assess the broader health of the logistics and supply chain infrastructure.
Methodology
The data is collected through surveys of businesses in the warehousing and storage industry (NAICS 4931).
Historical Context
This trend is closely watched by analysts and policymakers to understand the state of the logistics and distribution sectors.
Key Facts
- The warehousing and storage industry is a major employer in the U.S. logistics sector.
- Hours worked in this industry are a leading indicator of supply chain activity.
- Fluctuations in this trend can signal changes in consumer demand and inventory management.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked in the warehousing and storage industry (NAICS 4931) 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 utilization within the critical logistics and supply chain infrastructure, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the warehousing and storage industry (NAICS 4931).
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to understand the state of the logistics and distribution sectors, which are crucial for the broader economy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the trend is generally a timely indicator of activity in the warehousing and storage industry.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States (IPUIN4931L010000000), retrieved from FRED.