All Employees: Other Services in Nebraska
SMU31000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.80
Year-over-Year Change
3.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Nebraska' trend measures the total number of employees in the 'Other Services' industry sector in the state of Nebraska. This metric provides insight into the strength and composition of Nebraska's service-based economy.
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' industry group includes establishments engaged in activities such as equipment and machinery repair, personal care services, religious organizations, and nonprofit groups. This employment data offers a window into the diversity and resilience of Nebraska's local service economy.
Methodology
The data is collected through monthly surveys of nonfarm business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economic analysts use this series to monitor employment trends and gauge the overall health of Nebraska's service sector.
Key Facts
- Nebraska's 'Other Services' sector accounts for over 5% of total state employment.
- Employment in this industry has grown by 8% in Nebraska over the past 5 years.
- The 'Other Services' sector includes diverse businesses from auto repair to religious organizations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the 'Other Services' industry sector within the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and diversity of Nebraska's service-based economy, which is an important component of the state's overall economic health.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of nonfarm business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this series to monitor employment trends and gauge the overall health of Nebraska's service sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Nebraska (SMU31000008000000001A), retrieved from FRED.