All Employees: Federal Government in Alabama
SMU01000009091000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.20
Year-over-Year Change
3.93%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Federal Government in Alabama' series tracks the number of people employed by the federal government in the state of Alabama. This metric is important for understanding regional economic conditions and the role of the public sector.
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 employment series measures the total number of people working for federal government agencies and offices located in Alabama. It is a key indicator of the size and stability of the public sector workforce in the state, which can impact local economic activity and government spending.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the fiscal health and economic contribution of the federal government in Alabama.
Key Facts
- Alabama has over 40,000 federal government employees.
- The federal workforce accounts for 5% of total employment in the state.
- Federal employment in Alabama has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Federal Government in Alabama' series tracks the number of people employed by the federal government in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional economic conditions and the role of the public sector in Alabama's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the fiscal health and economic contribution of the federal government in Alabama.
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: Federal Government in Alabama (SMU01000009091000001A), retrieved from FRED.