Transportation and Warehousing Earnings in Utah
UTETRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,877,142.00
Year-over-Year Change
24.59%
Date Range
1/1/1998 - 1/1/2025
Summary
The Transportation and Warehousing Earnings in Utah metric tracks average weekly earnings for workers in the transportation and warehousing industries within the state. This data provides insights into economic activity and workforce trends in this important 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
This series measures the average weekly earnings of employees in the transportation and warehousing industries across Utah. It is a key indicator of economic conditions and can be used to assess labor market trends and cost-of-living dynamics within this sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Transportation and warehousing are critical components of Utah's economy, and this data series informs economic policymaking and business planning.
Key Facts
- Utah's transportation and warehousing sector employs over 75,000 workers.
- Average weekly earnings in this sector exceeded $1,100 in 2022.
- Transportation and warehousing accounts for nearly 5% of Utah's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of employees working in the transportation and warehousing industries across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into economic activity, labor market conditions, and cost-of-living dynamics within a critical sector of Utah's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This series informs economic policymaking and business planning related to Utah's transportation and logistics industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Earnings in Utah (UTETRA), retrieved from FRED.