Transportation and Warehousing Wages and Salaries in Virginia
VAWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,771,548.00
Year-over-Year Change
23.93%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures wages and salaries in the transportation and warehousing industry in Virginia. It provides insight into labor costs and economic conditions in this critical 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 Transportation and Warehousing Wages and Salaries in Virginia series tracks changes in total compensation for workers in this industry across the state. It is a key indicator of productivity, labor market tightness, and inflationary pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the economic health of Virginia's logistics and distribution networks.
Key Facts
- Virginia is a major transportation and logistics hub on the East Coast.
- Wages in this sector have risen over 4% annually on average since 2015.
- The COVID-19 pandemic significantly disrupted transportation and warehousing employment.
FAQs
Q: What does this economic trend measure?
A: The Transportation and Warehousing Wages and Salaries in Virginia series tracks changes in total compensation for workers in this industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and economic conditions in a critical sector, which is useful for policymakers and analysts assessing the health of Virginia's logistics networks.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic health of Virginia's logistics and distribution networks.
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 Wages and Salaries in Virginia (VAWTRA), retrieved from FRED.