Transportation and Warehousing Wages and Salaries in Maine
MEWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,048,639.00
Year-over-Year Change
9.08%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Transportation and Warehousing Wages and Salaries in Maine' series tracks average hourly earnings for workers in the transportation and warehousing sector in the state of Maine. This metric provides insights into labor costs and economic conditions in a key part of the state's economy.
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
This data series measures the average hourly wage for employees in Maine's transportation and warehousing industries, which includes businesses involved in moving goods, storing inventory, and providing related services. It offers a window into compensation trends for this important employment sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and economists analyze this wage data to understand inflationary pressures, labor market dynamics, and the overall health of Maine's logistics-oriented businesses.
Key Facts
- Maine's transportation and warehousing sector employs over 30,000 workers.
- Wages in this industry have risen by 15% in the past 5 years.
- Trucking makes up the largest share of transportation jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly wages and salaries for workers employed in Maine's transportation and warehousing industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and economic conditions in a key part of Maine's economy, which can inform policymaking and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this wage data to understand inflationary pressures, labor market dynamics, and the overall health of Maine's logistics-oriented businesses.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in Maine (MEWTRA), retrieved from FRED.