All Employees: Air Transportation in Utah
SMU49000004348100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
46.88%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Air Transportation in Utah' series tracks the total number of workers employed in the air transportation industry within the state of Utah. This metric provides insight into the economic health and labor market trends of Utah's aviation 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 data series measures the total nonfarm employment in the air transportation industry in Utah, which includes jobs at airports, airlines, and other aviation-related businesses. It is a key indicator of activity and growth in Utah's aviation and aerospace economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to monitor the performance and outlook of Utah's air transportation sector and its broader economic impact.
Key Facts
- Utah's air transportation industry employs over 13,000 workers.
- Employment in this sector has grown by 20% over the past decade.
- The air transportation industry accounts for 2.5% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of workers employed in the air transportation industry within the state of Utah, including jobs at airports, airlines, and other aviation-related businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic health and labor market trends of Utah's aviation sector, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the performance and outlook of Utah's air transportation sector and its broader economic impact.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Air Transportation in Utah (SMU49000004348100001A), retrieved from FRED.