All Employees: Administrative and Support and Waste Management and Remediation Services in Nebraska
SMU31000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.50
Year-over-Year Change
10.26%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in Nebraska. It provides insights into the state's service sector and the health of its business support activities.
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: Administrative and Support and Waste Management and Remediation Services in Nebraska series tracks the employment levels in this important segment of the state's economy. It is a key indicator of business activity and can inform economic policymaking and forecasting.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists, policymakers, and businesses to gauge the strength of Nebraska's service industry and its broader economic conditions.
Key Facts
- Nebraska's administrative and support services employ over 100,000 workers.
- This industry accounts for nearly 7% of the state's total nonfarm employment.
- Employment in this sector has grown by over 10% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of an important service sector in Nebraska's economy, which is crucial for understanding the state's broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses closely monitor this metric to gauge the strength of Nebraska's service industry and inform economic decisions and forecasting.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Nebraska (SMU31000006056000001A), retrieved from FRED.