All Employees: Social Assistance in North Carolina
SMU37000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.20
Year-over-Year Change
27.84%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the social assistance industry in North Carolina. It provides insight into the state's social services workforce and can inform policymakers about labor market conditions in this sector.
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: Social Assistance in North Carolina trend represents the total number of individuals employed in the social assistance industry in the state. This data is used by economists and policymakers to analyze trends in the social services labor market and understand the capacity of North Carolina's social support infrastructure.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding the state of North Carolina's social services sector and can inform policy decisions related to funding, regulation, and workforce development.
Key Facts
- Social assistance is a major industry in North Carolina, employing over 200,000 people.
- Employment in this sector has grown by 15% over the past decade.
- The social assistance industry includes child daycare services, individual and family services, and community food and housing assistance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the social assistance industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the capacity and labor market conditions of North Carolina's social services sector, which is crucial for supporting vulnerable populations in the state.
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: This indicator can inform policymakers' decisions related to funding, regulation, and workforce development in North Carolina's social services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in North Carolina (SMU37000006562400001A), retrieved from FRED.