All Employees: Private Service Providing in Arkansas
SMU05000000800000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
918.70
Year-over-Year Change
22.95%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of private sector service-providing employees in the state of Arkansas. It serves as a key indicator of the state's overall economic health and labor market 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: Private Service Providing in Arkansas series measures the total number of workers employed in private service-providing industries within the state. This includes jobs across sectors like trade, transportation, utilities, information, financial activities, professional services, education, health care, and leisure/hospitality.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is widely used by economists, policymakers, and market analysts to gauge the performance and direction of Arkansas' service-oriented private sector.
Key Facts
- Arkansas has over 1 million private service-providing employees.
- Service sector jobs account for over 80% of total private employment in the state.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Private Service Providing in Arkansas series tracks the total number of workers employed in private sector service industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and direction of Arkansas' service-oriented private sector, which is a key driver of the state's overall economic health and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts closely monitor this employment metric to gauge the strength of Arkansas' service-providing industries and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The All Employees: Private Service Providing in Arkansas data is published monthly with a typical one-month lag.
Related Trends
Real Gross Domestic Product: Information (51) in Arkansas
ARINFORGSP
Utilities Wages and Salaries in Arkansas
ARWUTI
Total Personal Income in Arkansas
AROTOT
Real Gross Domestic Product: Natural Resources and Mining (11, 21) in Arkansas
ARNATRESMINRGSP
Value of Exports to Greece from Arkansas
ARGRCA052SCEN
Industrial Carbon Dioxide Emissions, Lubricants for Arkansas
EMISSCO2VLUICBARA
Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Arkansas (SMU05000000800000001A), retrieved from FRED.