All Employees: Private Service Providing in Nebraska
SMU31000000800000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
713.40
Year-over-Year Change
7.76%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of private sector service-providing employees in the state of Nebraska. It serves as a key indicator of labor market conditions and overall economic activity 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 All Employees: Private Service Providing in Nebraska metric represents the total nonfarm employees in service-providing industries within the private sector across the state. This data provides insights into the strength and composition of Nebraska's economy.
Methodology
The data is collected through a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, businesses, and economic analysts to assess the health and trajectory of Nebraska's service-providing industries.
Key Facts
- Nebraska's private service sector employs over 750,000 workers.
- Service-providing industries account for over 80% of Nebraska's private nonfarm employment.
- The service sector has been a key driver of economic growth in Nebraska in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of private sector employees in service-providing industries across the state of Nebraska, providing insights into the state's labor market and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, businesses, and economists as a key indicator of the health and trajectory of Nebraska's service-providing industries, which make up a significant portion of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market analysts to assess the overall performance of Nebraska's service sector and inform decisions related to economic development, workforce planning, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Nebraska (SMU31000000800000001A), retrieved from FRED.