All Employees: Rail Transportation in Nebraska
SMU31000004348200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.20
Year-over-Year Change
-32.79%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Rail Transportation in Nebraska' trend measures the total number of employees in the rail transportation industry within the state of Nebraska. This data provides insight into the strength and activity of the rail sector, which is a crucial component of the state's logistics and supply chain infrastructure.
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 economic indicator tracks the total employment level in Nebraska's rail transportation industry, including freight and passenger rail operations. It is used by economists, policymakers, and industry analysts to assess the health and performance of this key transportation mode within the state.
Methodology
The data is collected through monthly surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Rail transportation plays a vital role in Nebraska's economy, facilitating the movement of goods, raw materials, and people across the state and beyond.
Key Facts
- Nebraska has over 3,200 miles of active railroad tracks.
- Rail transportation accounted for over 9,000 jobs in Nebraska in 2021.
- The rail industry contributed $1.1 billion to Nebraska's GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Rail Transportation in Nebraska' trend measures the total number of people employed in the rail transportation industry within the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength and performance of Nebraska's rail transportation sector, which is a critical component of the state's logistics and supply chain infrastructure.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health and activity of Nebraska's rail transportation industry, which informs decisions related to infrastructure investment, economic development, and transportation policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month between the reference period and the publication date.
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Citation
U.S. Federal Reserve, All Employees: Rail Transportation in Nebraska (SMU31000004348200001A), retrieved from FRED.