All Employees: Other Services in Maine
SMU23000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.70
Year-over-Year Change
13.50%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Maine' trend measures employment in the 'Other Services' sector for the state of Maine. This data provides insight into the health and growth of a diverse range of businesses and industries in the state.
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 'Other Services' sector encompasses a wide variety of economic activities, including personal services, repair and maintenance, and religious and civic organizations. This data can help economists and policymakers understand Maine's economic landscape and identify emerging trends and shifts in the state's service-based industries.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic policy decisions and track the performance of Maine's service-based economy.
Key Facts
- Maine's 'Other Services' sector accounts for approximately 3% of the state's total employment.
- Employment in this sector has grown by 8% over the past 5 years.
- The 'Other Services' sector includes a diverse range of businesses, from hair salons to auto repair shops.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Maine' trend measures employment in the 'Other Services' sector for the state of Maine, which encompasses a wide range of businesses and industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and growth of Maine'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 conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and track the performance of Maine's service-based industries, which can inform broader economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a short delay for data collection and processing.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Maine (SMU23000008000000001A), retrieved from FRED.