All Employees: Transportation and Warehousing in Maine
SMU23000004340008901A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.90
Year-over-Year Change
14.97%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Transportation and Warehousing in Maine' series tracks the number of people employed in the transportation and warehousing sector in the state of Maine. This metric provides insight into the health and activity of a crucial part of Maine's economy.
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 measures the total number of non-farm employees in the transportation and warehousing industry in Maine. It is an important indicator of economic activity and labor market conditions in this key sector, which includes businesses such as truck transportation, warehousing, and logistics.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in transportation and warehousing employment are closely watched by policymakers, economists, and industry analysts to assess the broader economic climate and the performance of Maine's logistics infrastructure.
Key Facts
- Maine's transportation and warehousing sector employs over 27,000 workers.
- Employment in this sector has grown by 15% over the past decade.
- The transportation and warehousing industry accounts for 5% of Maine's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of non-farm employees working in the transportation and warehousing industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of a crucial part of Maine's economy, as the transportation and warehousing sector plays a key role in the state's logistics infrastructure and economic growth.
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: Trends in transportation and warehousing employment are closely watched by policymakers, economists, and industry analysts to assess the broader economic climate and the performance of Maine's logistics infrastructure.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics with a short delay.
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Citation
U.S. Federal Reserve, All Employees: Transportation and Warehousing in Maine (SMU23000004340008901A), retrieved from FRED.