All Employees: General Freight Trucking in Idaho
SMU16000004348410001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
9.52%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: General Freight Trucking in Idaho' series measures the total number of employees in the general freight trucking industry within the state of Idaho. This data is a key indicator of economic activity and transportation demand in the region.
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 total employment in the general freight trucking sector, which transports a variety of goods and commodities across the state. It provides insights into the health and growth of the transportation and logistics industry in Idaho.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of Idaho's economy and transportation infrastructure.
Key Facts
- Idaho's general freight trucking industry employs over 16,000 workers.
- Trucking accounts for over 60% of freight transportation in Idaho.
- Employment in this sector has grown by 7% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees in the general freight trucking industry within the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and growth of the transportation and logistics industry in Idaho, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Idaho's economy and transportation infrastructure, which informs decisions about infrastructure investment and economic development.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, All Employees: General Freight Trucking in Idaho (SMU16000004348410001A), retrieved from FRED.