Transportation and Warehousing Wages and Salaries in Pennsylvania
PAWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,767,959.00
Year-over-Year Change
16.76%
Date Range
1/1/1998 - 1/1/2025
Summary
The Transportation and Warehousing Wages and Salaries in Pennsylvania trend measures average weekly earnings in this important economic sector, providing insight into labor costs and compensation dynamics.
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 indicator tracks the average weekly wages and salaries for employees in the transportation and warehousing industries within the state of Pennsylvania. It is a key metric for analyzing economic activity, labor market trends, and cost structures in this critical logistics-focused sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to understand the broader economic conditions and competitive landscape in Pennsylvania's transportation and logistics industries.
Key Facts
- Pennsylvania is a major transportation and logistics hub.
- Wages in this sector have risen steadily over the past decade.
- Transportation accounts for over 5% of Pennsylvania's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly wages and salaries for employees in the transportation and warehousing industries within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into labor costs, compensation dynamics, and economic activity in a critical sector of Pennsylvania's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the broader economic conditions and competitive landscape in Pennsylvania's transportation and logistics industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in Pennsylvania (PAWTRA), retrieved from FRED.