Transportation and Warehousing Earnings in South Dakota
SDETRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,301,749.00
Year-over-Year Change
20.76%
Date Range
1/1/1998 - 1/1/2025
Summary
The Transportation and Warehousing Earnings in South Dakota measure the average weekly earnings for workers in the transportation and warehousing industries within the state. This trend provides insights into the economic health and labor market conditions of a key 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
This series tracks the average weekly earnings for employees in transportation, warehousing, and related industries in South Dakota. It is an important indicator of the economic activity and labor market dynamics within this critical infrastructure sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Transportation and warehousing earnings are closely watched by policymakers, industry analysts, and economists to assess regional economic conditions and guide investment decisions.
Key Facts
- South Dakota's transportation and warehousing sector employs over 25,000 workers.
- Average weekly earnings in this sector exceeded $950 as of the latest data.
- The industry accounts for approximately 8% of the state's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for workers employed in the transportation and warehousing industries within the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic health and labor market conditions of a key sector, which is crucial for policymakers, industry analysts, and economists assessing regional economic performance.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Transportation and warehousing earnings are closely watched by policymakers to assess regional economic conditions and guide investment decisions in infrastructure and workforce development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Earnings in South Dakota (SDETRA), retrieved from FRED.