All Employees: Social Assistance in Montana
SMU30000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.30
Year-over-Year Change
14.14%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Social Assistance in Montana' economic trend measures the total number of employees in the social assistance industry in the state of Montana. This indicator provides insight into the labor market conditions and economic activity within the social services 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 social assistance industry encompasses a wide range of organizations that provide individual and family services, community food and housing, and vocational rehabilitation services. Tracking employment levels in this sector helps economists and policymakers assess the strength of Montana's social safety net and community support systems.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide survey of businesses and government agencies.
Historical Context
This employment trend is used to analyze the health of Montana's social services industry and can inform policy decisions related to social programs, workforce development, and economic resilience.
Key Facts
- Montana has over 14,000 social assistance employees.
- Social assistance jobs make up 3.5% of Montana's total employment.
- Employment in this sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Social Assistance in Montana' trend measures the total number of people employed in the social assistance industry within the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and evolution of Montana's social services sector, which is important for understanding the state's economic conditions and the availability of community support programs.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to assess the health of Montana's social services industry and inform decisions related to social programs, workforce development, and economic resilience.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Montana (SMU30000006562400001A), retrieved from FRED.