All Employees: Other Services: Personal and Laundry Services in North Carolina
SMU37000008081200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.60
Year-over-Year Change
1.53%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the personal and laundry services industry in North Carolina. It provides insight into the state's service sector and economic activity.
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: Personal and Laundry Services in North Carolina metric tracks the total employment in the personal care, laundry, and other personal services industries across the state. This data point is used by economists and policymakers to analyze North Carolina's service-based economic trends.
Methodology
The data is collected through monthly surveys of business establishments.
Historical Context
This employment metric is relevant for understanding the performance and outlook of North Carolina's service economy.
Key Facts
- North Carolina's personal and laundry services industry employs over 100,000 workers.
- This sector accounts for 2.3% of total nonfarm employment in the state.
- Employment in personal services has grown by 8% in North Carolina over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the personal care, laundry, and other personal services industries across the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and outlook of North Carolina's service-based economy, which is an important part of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this employment data to analyze trends in North Carolina's service sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Personal and Laundry Services in North Carolina (SMU37000008081200001), retrieved from FRED.