All Employees: Other Services in Delaware
SMU10000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.60
Year-over-Year Change
7.10%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the Other Services sector in the state of Delaware. It provides insights into the labor market and economic activity in this specific industry and region.
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: Other Services in Delaware series tracks the monthly change in the number of employees in the Other Services sector, which includes industries like repair and maintenance, personal and laundry services, and religious, grantmaking, civic, professional, and similar organizations. This data is a key indicator of economic conditions and workforce trends in Delaware.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to understand the performance and dynamics of Delaware's service-based economy.
Key Facts
- The Other Services sector accounts for over 7% of total employment in Delaware.
- Employment in this sector has grown by 10% in Delaware over the past 5 years.
- Other Services is the 4th largest industry by employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the Other Services sector in the state of Delaware. It provides insights into the labor market and economic activity in this specific industry and region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and dynamics of Delaware's service-based economy, which is an important part of the state's overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments 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 monitor the health and growth of the service sector in Delaware, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Delaware (SMU10000008000000001A), retrieved from FRED.