All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Washington
SMU53000004244100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.70
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the retail trade sector of motor vehicle and parts dealers in the state of Washington. It provides insight into the health and activity of this key industry within the state'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: Retail Trade: Motor Vehicle and Parts Dealers in Washington metric tracks the employment levels in this crucial segment of the retail trade industry. It is used by economists and policymakers to monitor the economic conditions and labor market trends in the automotive and vehicle parts sales sector across the state.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding consumer demand, business investment, and broader trends in the state's auto industry and retail trade sector.
Key Facts
- Washington has the 13th largest auto sales and service industry in the U.S.
- Motor vehicle and parts dealers account for over 25% of retail trade jobs in the state.
- Employment in this sector has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade sector of motor vehicle and parts dealers located in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and activity of a key industry within Washington's economy, which is important for understanding consumer demand, business investment, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor employment levels and trends in the automotive and vehicle parts sales sector, which is relevant for assessing consumer activity, business investment, and the overall state of Washington's retail trade industry.
Q: Are there update delays or limitations?
A: This data is published monthly by the Federal Reserve with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Washington (SMU53000004244100001), retrieved from FRED.