Transportation and Warehousing Wages and Salaries in South Dakota
SDWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
810,789.00
Year-over-Year Change
22.22%
Date Range
1/1/1998 - 1/1/2025
Summary
The Transportation and Warehousing Wages and Salaries in South Dakota series measures the average hourly earnings for workers in the transportation and warehousing industry within the state. This metric is important for analyzing employment and economic conditions in 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 hourly wage paid to employees in South Dakota's transportation and warehousing industry, which includes trucking, rail, air, and other logistics-related activities. It provides insight into labor costs and compensation trends that impact the state's supply chain and logistics operations.
Methodology
The data is collected through surveys of South Dakota employers by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this metric to gauge the competitiveness and health of South Dakota's transportation and logistics sector.
Key Facts
- South Dakota's transportation and warehousing wages have grown 3.2% annually over the past 5 years.
- Wages in this sector are 8% higher than the statewide average for all private industries.
- Transportation and warehousing accounts for over 25,000 jobs in South Dakota, or 7% of total private employment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wages paid to workers in South Dakota's transportation and warehousing industry, including trucking, rail, air, and other logistics-related activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and compensation trends in a key sector that is critical to South Dakota's economy and supply chain operations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of South Dakota employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge the competitiveness and health of South Dakota's transportation and logistics sector, which has important implications for the state's economic development.
Q: Are there update delays or limitations?
A: The data is released monthly with a 1-2 month lag, and may be subject to revisions based on updated survey responses.
Related Trends
Insured Unemployment Rate in South Dakota
SDINSUREDUR
Coefficient for Residential Carbon Dioxide Emissions, Residential for South Dakota
EMISSCO2CCLRCBSDA
Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in South Dakota
SDAMUSENGSP
Gross Domestic Product: Oil and Gas Extraction (211) in South Dakota
SDOILGASNGSP
Personal Consumption Expenditures: Services: Health Care for South Dakota
SDPCEHLTHCARE
Chain-Type Quantity Index for Real GDP: Information (51) in South Dakota
SDINFOQGSP
Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in South Dakota (SDWTRA), retrieved from FRED.