Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Ohio
Annual, Not Seasonally Adjusted
OHARTENTRECNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,255.20
Year-over-Year Change
58.10%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the number of total employees in the transportation and warehousing sector of the U.S. economy. This data point is crucial for understanding labor market dynamics and supply chain trends.
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 series tracks the total number of workers employed in the transportation and warehousing industry, without adjusting for typical seasonal fluctuations. This metric provides insight into long-term employment trends within this key economic sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to gauge the health and resilience of the U.S. logistics and distribution systems.
Key Facts
- Transportation and warehousing accounts for over 5% of total U.S. employment.
- The sector saw a sharp decline in jobs during the COVID-19 pandemic.
- Employment levels have since recovered but remain below pre-pandemic highs.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the total number of employees in the U.S. transportation and warehousing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and resilience of the U.S. logistics and distribution systems, which are crucial for economic growth and supply chain stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the strength of the transportation and warehousing sector, which has important implications for broader economic performance and supply chain resilience.
Q: Are there update delays or limitations?
A: The data is released annually, so there may be a delay in reflecting the most current employment trends in this sector.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (OHARTENTRECNGSP), retrieved from FRED.