All Employees: Utilities in Alabama
SMU01000004322000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.90
Year-over-Year Change
-9.79%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Utilities in Alabama' economic trend measures the total number of employees in the utilities sector in the state of Alabama. This metric is a key indicator of economic activity and growth in the state's utilities industry.
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 tracks the total employment across the utilities sector in Alabama, including electric power, natural gas, water, and sewage treatment companies. It provides insights into the relative strength and labor demands of this critical infrastructure industry within the state's economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this trend to evaluate the health and performance of Alabama's utilities sector and its broader economic implications.
Key Facts
- Alabama's utilities sector employs over 15,000 workers.
- Utilities are a major contributor to Alabama's GDP.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Utilities in Alabama' trend measures the total number of people employed in the utilities sector, including electric, gas, water, and sewage companies, within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and performance of Alabama's utilities industry, which is a critical component of the state's infrastructure and economic development.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the health and growth of Alabama's utilities sector, which informs decisions related to infrastructure investment, regulatory policies, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Utilities in Alabama (SMU01000004322000001A), retrieved from FRED.