Transportation and Warehousing Earnings in North Dakota
NDETRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,253,748.00
Year-over-Year Change
14.52%
Date Range
1/1/1998 - 1/1/2025
Summary
The Transportation and Warehousing Earnings in North Dakota trend measures the average earnings of workers in the transportation and warehousing industries within the state. This metric provides insights into the economic conditions and labor market dynamics of these critical sectors.
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 tracks the average weekly earnings of employees in North Dakota's transportation and warehousing industries. It is an important economic indicator for monitoring the strength and competitiveness of these sectors, which play a vital role in the state's overall economic performance.
Methodology
The data is collected and reported by the U.S. Bureau of Labor Statistics through its Quarterly Census of Employment and Wages program.
Historical Context
Transportation and warehousing earnings data is used by policymakers, industry analysts, and economists to assess economic trends and make informed decisions.
Key Facts
- North Dakota's transportation and warehousing industries employ over 25,000 people.
- Average weekly earnings in these sectors were $1,135 as of the latest data.
- Transportation and warehousing account for nearly 10% of North Dakota's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of employees in North Dakota's transportation and warehousing industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and labor market conditions of critical sectors that support North Dakota's broader economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Labor Statistics through its Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and economists use this data to assess economic trends and make informed decisions about policies affecting the transportation and warehousing sectors.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months. There may be sampling or reporting limitations that affect the precision of the estimates.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Earnings in North Dakota (NDETRA), retrieved from FRED.