Gross Annual Payroll for Other Services excluding Public Administration, All Establishments, Employer Firms
This dataset tracks gross annual payroll for other services excluding public administration, all establishments, employer firms over time.
Latest Value
177366.00
Year-over-Year Change
79.76%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the total annual payroll for private sector establishments in the Other Services (except Public Administration) industry. It provides insights into the financial health and labor market dynamics within this 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 Other Services excluding Public Administration, All Establishments, Employer Firms series represents the total wages and salaries paid to employees in private sector establishments classified under the Other Services (except Public Administration) industry code. This metric is used by economists and policymakers to analyze labor market trends and gauge economic activity in this service-oriented sector.
Methodology
The data is collected through surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for assessing the state of the broader service economy and informing policy decisions.
Key Facts
- The Other Services sector encompasses a diverse range of businesses, from personal care services to religious organizations.
- Payroll data provides insights into labor market conditions and consumer demand within this service-oriented industry.
- This metric is seasonally adjusted to account for fluctuations throughout the year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual payroll for private sector establishments in the Other Services (except Public Administration) industry, providing insights into labor market dynamics and economic activity in this service-oriented sector.
Q: Why is this trend relevant for users or analysts?
A: The Gross Annual Payroll for Other Services is a key indicator used by economists and policymakers to assess the health of the broader service economy and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for assessing the state of the service sector and informing policy decisions that affect employment, consumer demand, and overall economic activity.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the collecting agency, the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Gross Annual Payroll for Other Services excluding Public Administration, All Establishments, Employer Firms (EXPGAPEF81ALLEST), retrieved from FRED.