All Employees: Truck Transportation in Montana
SMU30000004348400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
-15.09%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Truck Transportation in Montana' data series tracks the total number of people employed in the truck transportation industry within the state of Montana. This metric is important for understanding economic activity and employment trends in the logistics and transportation sectors.
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 represents the total number of people employed in the truck transportation industry in Montana. It is used by economists, policymakers, and industry analysts to monitor employment levels, economic performance, and labor market conditions within the transportation and logistics sectors in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Truck transportation employment is a key economic indicator used to assess the health of the logistics industry and broader economic conditions in Montana.
Key Facts
- Montana's truck transportation industry employs over 10,000 workers.
- Truck transportation jobs account for 2.5% of total employment in Montana.
- Employment in the state's truck transportation sector has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people employed in the truck transportation industry within the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: Truck transportation employment is an important indicator of economic activity and labor market conditions in the logistics and transportation sectors in Montana.
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: Truck transportation employment data is used by policymakers, economists, and industry analysts to monitor the health of the logistics industry and broader economic conditions in Montana.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, so it provides timely insight into current employment trends.
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Citation
U.S. Federal Reserve, All Employees: Truck Transportation in Montana (SMU30000004348400001A), retrieved from FRED.