Production or Nonsupervisory Employees: Wholesale Trade in Utah
SMU49000004100000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.60
Year-over-Year Change
30.65%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic indicator measures the number of production or nonsupervisory employees in the wholesale trade industry in Utah. It provides insights into the health and activity of the wholesale sector in the state.
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 Production or Nonsupervisory Employees: Wholesale Trade in Utah metric tracks the number of non-managerial workers engaged in wholesale trade activities within the state. This data point is used by economists and policymakers to assess the current state and trends of the wholesale industry and broader economic conditions.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is relevant for understanding the performance of Utah's wholesale trade sector and its potential impact on the state's overall economic growth and employment.
Key Facts
- Utah's wholesale trade industry accounts for over 4% of the state's total employment.
- Wholesale trade employment in Utah has grown by 15% over the past 5 years.
- The wholesale sector is a key driver of economic activity and logistics in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of production and nonsupervisory employees working in the wholesale trade industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: The wholesale trade employment metric provides insights into the health and activity of a key sector of Utah's economy, which is useful for economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by government officials and economists to assess the performance of Utah's wholesale trade sector and its potential impact on the state's overall economic growth and employment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay before publication.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Wholesale Trade in Utah (SMU49000004100000006A), retrieved from FRED.