All Employees: Repair and Maintenance in Indiana
SMU18000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.00
Year-over-Year Change
28.21%
Date Range
1/1/2002 - 1/1/2024
Summary
This economic trend measures the total number of employees in the repair and maintenance industry in the state of Indiana. It provides insight into the state's service sector and the demand for skilled tradespeople.
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: Repair and Maintenance in Indiana trend tracks the total employment in businesses that provide repair and maintenance services across various industries within the state. This data is used by economists and policymakers to analyze the health of Indiana's service economy and workforce.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the labor market and economic conditions in Indiana, as repair and maintenance services are an important component of the state's economy.
Key Facts
- Indiana has a large manufacturing sector, driving demand for repair and maintenance services.
- Employment in this industry has remained relatively stable in recent years.
- Repair and maintenance jobs often require specialized technical skills.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the repair and maintenance industry in the state of Indiana, providing insight into the service sector and demand for skilled tradespeople.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the labor market and economic conditions in Indiana, as repair and maintenance services are an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health of Indiana's service economy and workforce, which can inform economic development strategies and workforce planning.
Q: Are there update delays or limitations?
A: The data is subject to the regular release schedule and potential limitations of the U.S. Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Indiana (SMU18000008081100001A), retrieved from FRED.