All Employees: Federal Government: Department of Defense, Including Ship Building and Hospitals in Indiana
SMU18000009091911901A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.60
Year-over-Year Change
13.70%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of federal government employees in the Department of Defense, including those in ship building and hospitals, specifically in the state of Indiana. It provides insight into the size and composition of the public sector workforce in this important 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: Federal Government: Department of Defense, Including Ship Building and Hospitals in Indiana metric measures the total number of individuals employed by the U.S. Department of Defense within the state of Indiana, including those in ship building and hospital operations. This data series is used by economists and policymakers to analyze trends in public sector employment and activity within this specific geographic and industry context.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding federal government workforce dynamics and spending patterns that can impact regional economic activity and policy decisions.
Key Facts
- Indiana has a significant Department of Defense presence.
- Defense-related jobs make up a key part of the state's public sector workforce.
- Employment trends in this sector can impact regional economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of federal government employees working for the Department of Defense, including those in ship building and hospital operations, specifically within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into public sector employment and spending patterns that can significantly impact regional economic activity and policy decisions in Indiana.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze trends in federal government workforce dynamics and spending that can influence regional economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with occasional revisions, so there may be some lag in the most recent figures.
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Citation
U.S. Federal Reserve, All Employees: Federal Government: Department of Defense, Including Ship Building and Hospitals in Indiana (SMU18000009091911901A), retrieved from FRED.