All Employees: Service-Providing in Indiana
SMS18000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,596.80
Year-over-Year Change
1.52%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of service-providing employees in the state of Indiana. It is an important indicator of the overall health and growth of the Indiana service sector, which accounts for a significant portion of the state'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 All Employees: Service-Providing in Indiana metric tracks the total employment levels in service-providing industries across the state, including sectors such as trade, transportation, utilities, information, financial activities, professional and business services, education, health care, and leisure and hospitality.
Methodology
The data is collected through surveys of Indiana employers by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and businesses to gauge the strength of Indiana's service-based economy.
Key Facts
- Indiana's service sector accounts for over 80% of the state's GDP.
- Service-providing jobs make up the majority of total nonfarm employment in Indiana.
- The All Employees: Service-Providing metric has shown steady growth in Indiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of service-providing employees in the state of Indiana, covering a wide range of industries like trade, transportation, and healthcare.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a critical component of Indiana's economy, so tracking employment levels in this area provides important insights into the overall health and growth of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Indiana employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this employment trend to assess the strength of Indiana's service-based economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Indiana (SMS18000000700000001), retrieved from FRED.