All Employees: Repair and Maintenance in Nebraska
SMU31000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.90
Year-over-Year Change
10.10%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the repair and maintenance industry in Nebraska. It is an important indicator of economic activity and labor market conditions 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: Repair and Maintenance in Nebraska series tracks the total number of workers employed in the repair and maintenance industry across the state. This metric is used by economists and policymakers to gauge the health of the service sector and broader economic trends in Nebraska.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in repair and maintenance employment can provide insights into consumer demand, business investment, and the overall strength of the Nebraska economy.
Key Facts
- Nebraska has over 23,000 repair and maintenance workers.
- Repair and maintenance jobs account for 2.8% of total employment in the state.
- Employment in this sector has grown by 7.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the repair and maintenance industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: Trends in repair and maintenance employment provide insights into the health of the service sector and broader economic conditions in Nebraska.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to gauge consumer demand, business investment, and the overall strength of the Nebraska economy.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Nebraska (SMU31000008081100001A), retrieved from FRED.