All Employees: Transportation and Warehousing in Utah
SMU49000004340008901A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.40
Year-over-Year Change
51.72%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Transportation and Warehousing in Utah series measures the total number of employees in the transportation and warehousing industry within the state of Utah. This metric is a key indicator of economic activity and labor market conditions 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
This series tracks the total nonfarm employment in the transportation and warehousing industry in Utah, which includes establishments that provide passenger and freight transportation, warehousing and storage for goods, and support activities related to modes of transportation.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in transportation and warehousing employment are closely monitored by policymakers and analysts to assess the health of supply chains and logistics networks.
Key Facts
- Transportation and warehousing accounts for over 4% of total employment in Utah.
- Employment in this sector has grown by over 25% in the past decade.
- The COVID-19 pandemic significantly disrupted transportation and warehousing in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of nonfarm employees in the transportation and warehousing industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Trends in transportation and warehousing employment are closely monitored as indicators of supply chain health and logistics capacity, which are crucial for understanding economic conditions and forecasting.
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 of the logistics and supply chain sectors, which are vital for the broader economy.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag and may be subject to revisions based on additional reporting from surveyed establishments.
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Citation
U.S. Federal Reserve, All Employees: Transportation and Warehousing in Utah (SMU49000004340008901A), retrieved from FRED.