All Employees: Transportation and Warehousing in Alabama
SMU01000004340008901A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.40
Year-over-Year Change
40.73%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Transportation and Warehousing in Alabama' series measures the total number of employees in the transportation and warehousing industry in the state of Alabama. This metric is a key indicator of economic activity and labor market trends in this important 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
The transportation and warehousing industry is a vital component of Alabama's economy, facilitating the movement of goods, materials, and people. This data series provides insight into employment levels and trends within this industry, which can inform economic policymaking and business planning.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and performance of Alabama's logistics and distribution infrastructure.
Key Facts
- Alabama's transportation and warehousing industry employs over 80,000 workers.
- Employment in this sector has grown by 15% in the past 5 years.
- The transportation and warehousing industry accounts for 4.5% of Alabama's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of employees working in the transportation and warehousing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and performance of a critical component of Alabama's economy, informing business planning and economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 assess the state of Alabama's logistics and distribution infrastructure, which is vital for the movement of goods and materials.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Transportation and Warehousing in Alabama (SMU01000004340008901A), retrieved from FRED.