All Employees: Management of Companies and Enterprises in Alabama
SMU01000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.20
Year-over-Year Change
-1.15%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the management of companies and enterprises industry in Alabama. It provides insights into the state's business and economic conditions.
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: Management of Companies and Enterprises in Alabama indicator represents the total number of people employed in the management of companies and enterprises industry within the state of Alabama. This metric is a key barometer of economic activity and business confidence in the region.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and growth of Alabama's professional and business services sector.
Key Facts
- Alabama has over 60,000 people employed in the management of companies and enterprises industry.
- This sector accounts for around 3% of the state's total nonfarm employment.
- Employment in this industry has grown by 15% in Alabama over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the management of companies and enterprises industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of Alabama's professional and business services sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through 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 assess business conditions and economic activity in Alabama, which can inform decisions on economic development, workforce planning, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in Alabama (SMU01000006055000001A), retrieved from FRED.