All Employees: Other Services in North Carolina
SMU37000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196.60
Year-over-Year Change
27.83%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in North Carolina' trend measures the total number of individuals employed in the other services sector in the state of North Carolina. This data provides important insights into the strength and composition of North Carolina'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 'All Employees: Other Services in North Carolina' series tracks employment levels in the 'other services' industry, which includes repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. This data is a key indicator of economic activity and can inform policy decisions related to workforce development and business support.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by economists, policymakers, and businesses to assess the overall health of North Carolina's service sector and its implications for the state's broader economic conditions.
Key Facts
- North Carolina's other services sector employs over 300,000 workers.
- The other services industry accounts for approximately 7% of total nonfarm employment in North Carolina.
- Employment in North Carolina's other services sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in North Carolina' trend measures the total number of individuals employed in the other services sector in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the strength and composition of North Carolina's service-based economy, which is a key driver of the state's overall economic performance.
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 employment trend is closely monitored by economists, policymakers, and businesses to assess the overall health of North Carolina's service sector and its implications for the state's broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with typical publication lags of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Other Services in North Carolina (SMU37000008000000001A), retrieved from FRED.