All Employees: Total Private in Alabama
SMS01000000500000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,789.30
Year-over-Year Change
0.83%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Total Private in Alabama' metric tracks the total number of private sector employees in the state of Alabama. It serves as an important indicator of the health and performance of Alabama's private labor market.
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 series represents the total number of private sector employees in Alabama, excluding government workers. It is a widely-used measure of economic activity and labor market trends that informs policymakers, businesses, and analysts about the overall state of the Alabama economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The 'All Employees: Total Private in Alabama' metric is closely watched by economists, policymakers, and market participants to gauge the strength of Alabama's private sector and inform economic decisions.
Key Facts
- Alabama's private sector employs over 1.5 million workers.
- The private employment metric has steadily increased since the Great Recession.
- Alabama's private job growth outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Total Private in Alabama' metric tracks the total number of people employed in the private sector in the state of Alabama, excluding government workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and performance of Alabama's economy, as the private sector is a major driver of economic activity and job creation in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market participants closely monitor this metric to gauge the strength of Alabama's private labor market and inform decisions about economic policy, investment, and business strategy.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short lag, providing timely information about the state of Alabama's private sector employment.
Related Trends
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Citation
U.S. Federal Reserve, All Employees: Total Private in Alabama (SMS01000000500000001), retrieved from FRED.