All Employees: Retail Trade in Connecticut
SMU09000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.70
Year-over-Year Change
-8.86%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Retail Trade in Connecticut series tracks the total number of retail trade employees in the state. This metric is a key indicator of consumer demand and overall economic activity.
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: Retail Trade in Connecticut data reflects the total number of people employed in the retail trade sector within the state. This metric provides insights into consumer spending patterns and the health of Connecticut's economy.
Methodology
The data is collected through monthly surveys of businesses and establishments.
Historical Context
Retail trade employment levels are closely monitored by policymakers and analysts to assess the strength of consumer demand and make informed economic decisions.
Key Facts
- Connecticut has over 280,000 retail trade employees.
- Retail trade accounts for nearly 10% of Connecticut's total employment.
- Retail employment in Connecticut has grown by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Retail Trade in Connecticut series tracks the total number of people employed in the retail trade sector within the state.
Q: Why is this trend relevant for users or analysts?
A: Retail trade employment is a key indicator of consumer demand and overall economic activity, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Retail trade employment levels are closely monitored by policymakers to assess the strength of consumer demand and make informed economic decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade in Connecticut (SMU09000004200000001A), retrieved from FRED.