Transportation and Warehousing Wages and Salaries in Arkansas
ARWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,456,604.00
Year-over-Year Change
8.71%
Date Range
1/1/1998 - 1/1/2025
Summary
The Transportation and Warehousing Wages and Salaries in Arkansas series measures earnings in the state's transportation and logistics sectors. It provides insights into labor costs and economic activity in this important industry.
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 tracks the total wages and salaries paid to employees in Arkansas's transportation and warehousing industries. It is a key economic indicator used by policymakers and analysts to assess the strength of the state's logistics and distribution sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in transportation and warehousing wages reflect broader economic conditions and the demand for logistics services.
Key Facts
- Arkansas ranks 13th nationally for transportation and warehousing GDP.
- The transportation sector employs over 55,000 people in Arkansas.
- Trucking is the largest component of the state's transportation industry.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total wages and salaries paid to employees in Arkansas's transportation and warehousing industries.
Q: Why is this trend relevant for users or analysts?
A: Trends in transportation and warehousing wages provide insights into the strength of Arkansas's logistics and distribution sectors, which are crucial for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses 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 health of Arkansas's transportation and logistics industries and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in Arkansas (ARWTRA), retrieved from FRED.