All Employees: Trade, Transportation, and Utilities in Washington
SMU53000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
624.50
Year-over-Year Change
18.46%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the trade, transportation, and utilities sector in the state of Washington. This metric is important for understanding the health and performance of Washington'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
The All Employees: Trade, Transportation, and Utilities in Washington indicator tracks the total employment levels in a key industry cluster that includes retail trade, transportation and warehousing, and utilities. This series provides insights into the overall economic activity and labor market conditions in the state.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of Washington's service-providing industries and make informed decisions.
Key Facts
- Washington is a major hub for trade, transportation, and utilities industries.
- This sector accounts for over 20% of total employment in the state.
- Employment levels in this sector have generally trended upward over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the trade, transportation, and utilities sector in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and performance of Washington's service-providing industries, which are crucial to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the strength of Washington's service sector and make informed decisions about economic development and employment policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for minor revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in Washington (SMU53000004000000001A), retrieved from FRED.