All Employees: Services to Buildings and Dwellings in Arizona
SMU04000006056170001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.00
Year-over-Year Change
25.65%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the services to buildings and dwellings industry in the state of Arizona. It provides insights into the labor market and economic activity within the building maintenance and janitorial services 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
The All Employees: Services to Buildings and Dwellings in Arizona series tracks the total number of individuals employed in this industry, which includes businesses that provide a range of building support services such as cleaning, maintenance, and security. This metric is used by economists and policymakers to analyze labor market trends and gauge the overall health of the service industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding the state of the commercial real estate and facilities management markets in Arizona.
Key Facts
- Arizona has over 50,000 employees in the building services industry.
- This sector has seen steady growth over the past decade.
- Building services jobs account for approximately 2% of total employment in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the services to buildings and dwellings industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and economic activity within the building maintenance and janitorial services sector, which is an important part of the overall service industry.
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: This economic indicator is relevant for understanding the state of the commercial real estate and facilities management markets in Arizona, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, All Employees: Services to Buildings and Dwellings in Arizona (SMU04000006056170001A), retrieved from FRED.