Gross Annual Payroll for Satellite Telecommunications, All Establishments, Employer Firms
This dataset tracks gross annual payroll for satellite telecommunications, all establishments, employer firms over time.
Latest Value
1203.00
Year-over-Year Change
74.35%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the total annual payroll of satellite telecommunications establishments in the United States, providing insights into the scale and growth of this important technology 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 Gross Annual Payroll for Satellite Telecommunications, All Establishments, Employer Firms metric tracks the total compensation paid to employees at satellite telecommunications companies across the country. This data point is used by economists and policymakers to assess the financial health and economic impact of the satellite communications industry.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Trends in satellite telecommunications payroll are closely monitored as indicators of industry investment, innovation, and workforce dynamics.
Key Facts
- The satellite telecommunications industry employs over 100,000 workers in the U.S.
- Payroll has grown by over 50% in the past decade as the sector has expanded.
- California is the largest center of satellite telecommunications employment in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual payroll for all establishments in the satellite telecommunications industry in the United States, providing insights into the scale and growth of this technology sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in satellite telecommunications payroll are closely watched as indicators of industry investment, innovation, and workforce dynamics, which are important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the financial health and economic impact of the satellite communications industry, which is an important and rapidly evolving technology sector.
Q: Are there update delays or limitations?
A: There can be lags of several months between the end of the reference period and the release of the data by the Census Bureau.
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Citation
U.S. Federal Reserve, Gross Annual Payroll for Satellite Telecommunications, All Establishments, Employer Firms (EXPGAPEF5174ALLEST), retrieved from FRED.