Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Turkiye
Annual, Not Seasonally Adjusted
LFEAMNTTTRA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,280,000.00
Year-over-Year Change
42.11%
Date Range
1/1/2006 - 1/1/2024
Summary
This annual, not seasonally adjusted trend measures the average travel time to work for workers in the United States. It provides insights into commuting patterns and infrastructure utilization.
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 annual, not seasonally adjusted travel time to work trend represents the average time it takes for workers to commute to their place of employment. This metric is used by policymakers, urban planners, and transportation analysts to understand mobility, identify congestion issues, and inform infrastructure investments.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for evaluating the efficiency and accessibility of transportation networks.
Key Facts
- The average travel time to work in the U.S. was 27.1 minutes in 2021.
- Workers in urban areas have longer commute times than those in rural areas.
- Commute times have increased by 1.5 minutes on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average time it takes for workers in the United States to travel to their place of employment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into commuting patterns and transportation infrastructure utilization, which are important for policymakers, urban planners, and transportation analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate the efficiency and accessibility of transportation networks, which informs infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a delay in the most recent year's information being available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAMNTTTRA647N), retrieved from FRED.