Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for Denmark
Annual, Seasonally Adjusted
LFEAINTTDKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
396,400.00
Year-over-Year Change
6.52%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures total employment levels in the information technology (IT) and data processing services industry. It is a key economic indicator for analysts tracking labor market trends and industry performance.
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
This monthly data series from the U.S. Bureau of Labor Statistics tracks the total number of employed persons in the NAICS 51 industry, which encompasses computer systems design, software publishing, data processing, and other information technology services. It is a closely watched metric for assessing the health and growth of the tech sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Historical Context
Policymakers and market analysts use this indicator to inform decisions around economic and workforce development strategies.
Key Facts
- IT and data services employ over 3 million workers in the U.S.
- Employment in this sector has grown over 20% in the past decade.
- The IT services industry accounts for over 2% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment levels in the information technology (IT) and data processing services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator for assessing the health and growth of the tech sector, which is a major driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this indicator to inform decisions around economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Employment to Population Rate: All Ages: All Persons for Denmark
LREPTTTTDKA156S
Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Denmark
CRDQDKANABIS
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Denmark
DNKPFCEADSMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark
LRHU24MADKM156S
Consumer Price Index: OECD Groups: Goods: Total for Denmark
DNKCPGRGO01GPM
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for Denmark
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Citation
U.S. Bureau of Labor Statistics, Annual, Seasonally Adjusted (LFEAINTTDKA647S), retrieved from FRED.