Transportation and Warehousing Earnings in Rhode Island
RIETRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,071,417.00
Year-over-Year Change
12.20%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Transportation and Warehousing Earnings in Rhode Island' series measures average weekly earnings in the transportation and warehousing sector for the state of Rhode Island. This key economic indicator provides insights into labor market conditions and cost pressures within a critical 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 series tracks average weekly earnings for employees in Rhode Island's transportation and warehousing industry, which includes businesses engaged in activities such as air, rail, water, and truck transportation, as well as warehousing and storage. It is an important gauge of economic activity and worker compensation trends in a sector that facilitates the flow of goods and services.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Transportation and warehousing earnings data is closely monitored by policymakers, analysts, and businesses to understand inflationary pressures, labor market dynamics, and overall economic conditions.
Key Facts
- Rhode Island's transportation and warehousing sector employs over 18,000 workers.
- Average weekly earnings in this industry are currently $1,135.
- Earnings have increased by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This series measures average weekly earnings for employees in Rhode Island's transportation and warehousing industry, providing insights into labor market conditions and worker compensation in a critical economic sector.
Q: Why is this trend relevant for users or analysts?
A: Transportation and warehousing earnings data is an important indicator of economic activity, inflationary pressures, and labor market dynamics, which are closely monitored by policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in transportation and warehousing earnings are used by policymakers, economists, and businesses to assess labor market conditions, cost pressures, and overall economic performance.
Q: Are there update delays or limitations?
A: The transportation and warehousing earnings data for Rhode Island is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Earnings in Rhode Island (RIETRA), retrieved from FRED.