All Employees: Education and Health Services: Social Assistance in Arkansas
SMU05000006562400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.60
Year-over-Year Change
9.27%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the social assistance industry in Arkansas, which includes organizations providing a variety of social services to individuals.
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: Education and Health Services: Social Assistance in Arkansas trend represents the total employment in the social assistance sector within the broader education and health services industry in the state. It is an important indicator of the size and health of the social services labor market.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and social service providers to assess the strength of the labor market and the demand for social assistance programs.
Key Facts
- Arkansas social assistance employment has grown by 15% over the past 5 years.
- The social assistance sector accounts for over 4% of total non-farm employment in Arkansas.
- Social assistance jobs in Arkansas pay 18% less on average than the state's overall private sector wages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the social assistance industry in Arkansas, which includes organizations providing a variety of social services to individuals.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the size and health of the social services labor market, which is closely monitored by policymakers, economists, and social service providers.
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: This trend is used by policymakers, economists, and social service providers to assess the strength of the labor market and the demand for social assistance programs in Arkansas.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. There may be revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services: Social Assistance in Arkansas (SMU05000006562400001), retrieved from FRED.