Air Transportation Payroll Employment in Texas
This dataset tracks air transportation payroll employment in texas over time.
Latest Value
-1.98
Year-over-Year Change
-25.23%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic trend tracks the total payroll employment in the air transportation industry in the state of Texas. It serves as an important indicator of economic activity and labor market conditions in this key sector.
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 Air Transportation Payroll Employment in Texas metric measures the total number of employees on non-farm payrolls in the air transportation industry within the state. This data provides insights into the health and growth of the aviation sector, which is a major component of Texas' diverse economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of businesses and establishments.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and economists to assess the performance and outlook for the air transportation industry in Texas.
Key Facts
- Texas is a major hub for the U.S. air transportation industry.
- Air transportation is a significant employer in the state, with over 100,000 workers.
- Employment levels in this sector are closely tied to broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Air Transportation Payroll Employment in Texas metric tracks the total number of employees in the air transportation industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the health and growth of the aviation sector, which is a critical component of Texas' diverse economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, industry analysts, and economists to assess the performance and outlook for the air transportation industry in Texas.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Federal Reserve, with potential for minor delays or revisions.
Related News
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
US Treasury Yields Increase Before Key Economic Data Release
How Treasury Yields Signal Market Expectations Ahead of Crucial Economic Data Release Treasury yields, often referred to as a barometer for the U.S. economy, signal market participants' expectations about future economic conditions. As we approach the release of critical GDP data and unemployment claims, Treasury yields rise, reflecting the collective anticipation about potential shifts in the economic landscape. These yields are central to shaping expectations about Federal Reserve interest ra
U.S. Job Growth Slowdown Affects Unemployment Rate
The Impact of Weak Job Growth on the US Unemployment Rate The unemployment rate has always been a vital gauge to understand the United States' economic health. Recent times have brought this indicator into sharper focus, especially as weak job growth continues to challenge the nation’s economy. The pressures of a sluggish labor market may lead to more significant economic consequences, impacting not just the workforce but the broader fiscal landscape. Weak job growth, leading to an increased un
Federal Reserve Faces Challenges In Setting U.S. Interest Rates
The Federal Reserve's Challenge in Interest Rate Decisions Interest rates play a pivotal role in the U.S. economy, impacting everything from the cost of borrowing to the returns on savings. The Federal Reserve, as the nation’s central bank, is responsible for setting these rates to steer monetary policy towards economic stability. In doing so, the Federal Reserve navigates through various economic indicators like inflation, employment rates, and GDP growth, a task made more complex by current e
U.S. Jobless Claims Spike, Followed By Decline, Layoffs Remain Low
U.S. Jobless Claims Spike and Decline: Insights into Labor Market Trends U.S. jobless claims recently spiked, only to decline soon after, highlighting interesting patterns in the labor market. At the heart of these shifts lies a tale of layoffs and employment dynamics that paint a picture of the U.S. economy's current state. These fluctuations in jobless claims explain broader economic metrics like the unemployment rate and employment rate. This overview offers a window into the complex interpl
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Air Transportation Payroll Employment in Texas (TX43481000A674FRBDAL), retrieved from FRED.