All Employees: Wholesale Trade in Connecticut
SMU09000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
-1.93%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Wholesale Trade in Connecticut' series measures the total number of employees working in the wholesale trade industry within the state of Connecticut. This metric is a key indicator of economic activity and employment trends in the state's wholesale 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 'All Employees: Wholesale Trade in Connecticut' series tracks the total nonfarm employment in the wholesale trade industry across Connecticut. Wholesale trade encompasses businesses that sell goods in large quantities to retailers, industrial, commercial, institutional, or other professional business users. This data provides insight into the health and dynamics of Connecticut's wholesale distribution and logistics sectors.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this series to monitor the performance and outlook of Connecticut's wholesale trade industry, which is an important component of the state's overall economic ecosystem.
Key Facts
- Connecticut's wholesale trade industry employed over 91,000 workers as of 2022.
- Wholesale trade accounts for approximately 5% of Connecticut's total nonfarm employment.
- The wholesale sector has seen steady job growth in Connecticut since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Wholesale Trade in Connecticut' series measures the total number of people employed in the wholesale trade industry within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and outlook of Connecticut's wholesale trade sector, which is an important component of the state's overall economy and employment landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to monitor the health and dynamics of Connecticut's wholesale trade industry, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Wholesale Trade in Connecticut (SMU09000004100000001A), retrieved from FRED.