Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Indiana
Quarterly, Seasonally Adjusted
INADMINWASTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.07
Year-over-Year Change
-0.28%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures administrative and waste services output as part of the Gross State Product (GSP), providing insight into a key service sector of the U.S. economy.
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 administrative and waste services sector encompasses a wide range of professional, scientific, and technical services that support other industries. This data helps analysts and policymakers understand the health and productivity of this important segment of the economy.
Methodology
The data is collected through surveys of businesses and government agencies and adjusted for seasonal variations.
Historical Context
This metric is closely watched by economists and policymakers to gauge the overall strength of the U.S. service economy.
Key Facts
- Covers over 2 million U.S. jobs in the administrative and waste services sector.
- Represents about 3% of total U.S. economic output.
- Has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted output of the administrative and waste services sector as part of the Gross State Product (GSP).
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and productivity of a key service sector, which is critical for understanding the overall strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and government agencies and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to gauge the overall strength of the U.S. service economy, which has important implications for employment, investment, and economic growth.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Federal Reserve, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (INADMINWASTQQGSP), retrieved from FRED.