All Employees: Transportation and Utilities in Utah
SMU49000004300000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.80
Year-over-Year Change
48.41%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Transportation and Utilities in Utah' series measures the total number of employees in the transportation and utilities sectors across the state of Utah. This data provides insights into the health and activity of these key economic drivers.
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 total number of people employed in the transportation and utilities industries in Utah, such as jobs in air, rail, water, and road transportation, as well as utilities like electricity, gas, and water supply. It offers a broad indicator of economic activity and infrastructure investment in these vital sectors.
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 data to assess the performance and needs of Utah's transportation and utilities sectors.
Key Facts
- Utah has over 75,000 transportation and utilities workers.
- Employment in these sectors has grown by 10% in the past 5 years.
- The transportation and utilities industries account for 8% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people employed in the transportation and utilities sectors across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of two key economic drivers in Utah, offering a broad indicator of infrastructure investment and economic performance.
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 data to assess the performance and needs of Utah's transportation and utilities sectors, which are critical for supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Transportation and Utilities in Utah (SMU49000004300000001A), retrieved from FRED.