All Employees: Social Assistance in Indiana
SMU18000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.50
Year-over-Year Change
39.46%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the social assistance industry in the state of Indiana. It provides insight into the size and labor market dynamics of this important sector.
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: Social Assistance in Indiana series tracks the total number of persons on the payrolls of social assistance establishments in Indiana. This metric serves as a barometer for the health and activity of the state's social services industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this employment trend can inform policymakers and stakeholders about the social services industry's contribution to Indiana's economy.
Key Facts
- Indiana's social assistance sector employs over 100,000 workers.
- Social assistance jobs account for 3.5% of total employment in Indiana.
- Employment in this industry has grown by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees on the payrolls of social assistance establishments in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in Indiana's social assistance industry provides insight into the health and activity of this important sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this employment trend can inform policymakers and stakeholders about the social services industry's contribution to Indiana's economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Indiana (SMU18000006562400001A), retrieved from FRED.