Passenger-Miles Per Train-Mile, Class I Railroads for United States
Passenger-Miles, Monthly, Not Seasonally Adjusted
M0352AUSM503NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.30
Year-over-Year Change
-1.35%
Date Range
1/1/1920 - 12/1/1929
Summary
This economic trend measures the total number of passenger-miles traveled monthly in the United States, providing insights into transportation and consumer demand.
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
Passenger-miles is an important metric that represents the total distance traveled by passengers on various modes of transportation, including airlines, trains, and buses. This data is widely used by transportation analysts and policymakers to understand shifts in consumer behavior and infrastructure needs.
Methodology
The data is collected through surveys and reports from transportation providers.
Historical Context
Passenger-mile trends are closely watched as indicators of economic activity and consumer confidence.
Key Facts
- Passenger-miles are a key metric used to measure transportation demand.
- This data reflects the total distance traveled by all passengers, not just the number of trips.
- Passenger-mile trends are closely watched as indicators of economic health and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of passenger-miles traveled monthly in the United States across various modes of transportation, including airlines, trains, and buses.
Q: Why is this trend relevant for users or analysts?
A: Passenger-mile data provides insights into transportation demand and consumer behavior, which are important indicators of economic activity and infrastructure needs.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from transportation providers.
Q: How is this trend used in economic policy?
A: Passenger-mile trends are closely monitored by policymakers, economists, and market analysts as indicators of economic health and consumer confidence.
Q: Are there update delays or limitations?
A: The data is released monthly, but there may be some delays in reporting from transportation providers.
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Citation
U.S. Federal Reserve, Passenger-Miles, Monthly, Not Seasonally Adjusted (M0352AUSM503NNBR), retrieved from FRED.