All Employees: Social Assistance in Arkansas
SMU05000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.30
Year-over-Year Change
11.94%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Social Assistance in Arkansas' trend measures the total number of people employed in the social assistance industry in Arkansas. This metric is important for economists and policymakers to understand workforce dynamics and demand for social services in the state.
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 data series tracks the total number of employees in the social assistance industry in Arkansas, which includes organizations providing individual and family services, community food and housing, and vocational rehabilitation services. It provides insight into the size and composition of the social services workforce, a key sector for understanding economic and social welfare.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of the social services industry and inform decisions around funding, program development, and workforce planning.
Key Facts
- The social assistance industry employs over 40,000 people in Arkansas.
- Employment in this sector has grown by 15% over the past 5 years.
- Social assistance is one of the fastest-growing industries in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the social assistance industry in Arkansas, including organizations providing individual and family services, community food and housing, and vocational rehabilitation.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the size and composition of the social services workforce, a key sector for understanding economic and social welfare in Arkansas.
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: Policymakers and analysts use this trend to assess the strength of the social services industry and inform decisions around funding, program development, and workforce planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Arkansas (SMU05000006562400001A), retrieved from FRED.