Transportation and Warehousing Wages and Salaries in Washington
WAWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,332,132.00
Year-over-Year Change
45.82%
Date Range
1/1/1998 - 1/1/2025
Summary
The Transportation and Warehousing Wages and Salaries in Washington metric tracks compensation levels for workers in the transportation and warehousing industry in the state of Washington. This data provides insights into the economic health and labor market dynamics of this critical 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 economic series measures the average hourly and weekly wages, as well as the total compensation paid to workers in the transportation and warehousing industry within the state of Washington. It is used by economists, policymakers, and industry analysts to monitor industry-specific employment trends and cost pressures.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Transportation and warehousing are key components of the supply chain and logistics networks, making this data relevant for understanding broader economic conditions and policy decisions.
Key Facts
- Transportation and warehousing account for over 300,000 jobs in Washington.
- Wages in this sector have risen by 20% over the past decade.
- The industry experienced labor shortages during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly and weekly wages, as well as the total compensation paid to workers in the transportation and warehousing industry within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic health and labor market dynamics of a critical sector, which is important for understanding broader economic conditions and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Transportation and warehousing are key components of the supply chain and logistics networks, making this data relevant for policymakers, economists, and industry analysts.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and potential limitations of the U.S. Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in Washington (WAWTRA), retrieved from FRED.