All Employees: Administrative and Support and Waste Management and Remediation Services in New York
This dataset tracks all employees: administrative and support and waste management and remediation services in new york over time.
Latest Value
528.30
Year-over-Year Change
22.12%
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 industries in New York. It provides insights into the strength and composition of the service sector 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: Administrative and Support and Waste Management and Remediation Services in New York data series tracks employment levels in a key segment of the service industry, which is a significant driver of economic activity in the state. This metric is closely monitored by economists and policymakers to gauge the health of the broader economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding broader economic and labor market conditions in New York and can inform policy decisions and business strategies.
Key Facts
- New York's administrative and support services account for over 10% of total state employment.
- Employment in this sector has grown by 8% in the past 5 years.
- The waste management and remediation industry is a key part of New York's green economy.
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 industries in the state of New York.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and growth of a key service sector within the New York economy, which is critical for understanding broader economic conditions and employment trends in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for policymakers and economists seeking to understand labor market dynamics and inform policy decisions that impact the service sector in New York.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in New York (SMU36000006056000001A), retrieved from FRED.