All Employees: Personal and Laundry Services in Indiana
SMU18000008081200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.70
Year-over-Year Change
8.63%
Date Range
1/1/1990 - 1/1/2024
Summary
This data series tracks the total number of all employees in the personal and laundry services industry in the state of Indiana. It provides important insights into the health and trends of this key service 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: Personal and Laundry Services in Indiana data series measures the total number of employees across businesses providing personal care, laundry, and other services to consumers within the state. This metric is a valuable indicator of economic activity and consumer demand in this industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor trends in the personal services industry to assess consumer spending patterns and the overall strength of the state's economy.
Key Facts
- Indiana has over 35,000 personal and laundry service employees.
- This industry makes up about 1.1% of total employment in the state.
- Employment levels have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees working in personal care, laundry, and other service businesses across Indiana.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer demand and the overall health of this important service sector within the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this industry to assess consumer spending patterns and the broader strength of the state's economy.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay after the end of each reporting period.
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Citation
U.S. Federal Reserve, All Employees: Personal and Laundry Services in Indiana (SMU18000008081200001A), retrieved from FRED.