All Employees: Trade, Transportation, and Utilities in Montana
SMU30000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.50
Year-over-Year Change
14.56%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Trade, Transportation, and Utilities in Montana' trend measures the total number of jobs in the trade, transportation, and utilities sector in the state of Montana. This metric provides insight into the economic activity and health of this key 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 represents the total employment in establishments that engage in retail trade, wholesale trade, transportation and warehousing, and utilities within the state of Montana. It serves as an important indicator of economic conditions and consumer demand in the region.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the performance of Montana's economy and make informed decisions.
Key Facts
- Montana's trade, transportation, and utilities sector accounts for over 20% of total state employment.
- This trend has shown steady growth over the past decade, reflecting the state's economic expansion.
- The COVID-19 pandemic led to a temporary decline in this employment measure in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of jobs in the trade, transportation, and utilities sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic activity and health of a key industry in Montana, helping policymakers and analysts assess the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the performance of Montana's economy and make informed decisions regarding economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, but it provides a timely and accurate representation of employment in Montana's trade, transportation, and utilities sector.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in Montana (SMU30000004000000001A), retrieved from FRED.