All Employees: Other Services in Alabama
ALSRVO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.80
Year-over-Year Change
1.92%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures employment in the Other Services sector in the state of Alabama. It provides insights into the state's economic activity and labor market dynamics.
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: Other Services in Alabama' trend tracks the number of people employed in industries that are not classified under the major sectors, such as repair and maintenance, personal and laundry services, and religious, grantmaking, civic, and professional organizations.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through its monthly survey of employers.
Historical Context
This metric is used by economists and policymakers to assess the overall health of Alabama's service-providing industries.
Key Facts
- The Other Services sector accounts for around 4% of total employment in Alabama.
- Employment in this sector has shown steady growth over the past decade.
- The COVID-19 pandemic had a significant impact on Other Services employment in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the Other Services sector in the state of Alabama, which includes a variety of industries not classified under the major economic sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and dynamics of Alabama's service-providing industries, which are an important part of the state's overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its monthly survey of employers.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the overall performance of Alabama's service sector and to inform economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Alabama (ALSRVO), retrieved from FRED.