Output per Worker for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States
IPUIN4931W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.10
Year-over-Year Change
-124.44%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures output per worker in the 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 metric tracks the amount of economic output generated per employee in the warehousing and storage industry, which is classified under NAICS code 4931. This metric provides insights into labor productivity trends and operational efficiency within a critical infrastructure industry.
Methodology
The data is collected by the U.S. Federal Reserve through surveys and administrative records.
Historical Context
Policymakers and industry analysts closely monitor this trend to assess the competitiveness and growth potential of the logistics and distribution sectors.
Key Facts
- The warehousing and storage industry accounts for over 1 million U.S. jobs.
- Output per worker has increased by 20% in the past decade.
- Warehousing productivity is a key driver of supply chain efficiency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the economic output generated per employee in the warehousing and storage industry, providing insights into labor productivity and operational efficiency.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, industry analysts, and logistics professionals to assess the competitiveness and growth potential of the transportation and distribution sectors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the health and competitiveness of the logistics and distribution sectors, which are critical for the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve, but may be subject to revisions and updates due to the underlying data collection methods.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States (IPUIN4931W001000000), retrieved from FRED.