All Employees: Personal and Laundry Services in North Carolina
SMU37000008081200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
40.63%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the personal and laundry services industry in North Carolina. It provides insight into the strength of this service sector and can inform policymakers and analysts about the state's economic conditions.
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: Personal and Laundry Services in North Carolina series tracks the total number of employees in this industry within the state. It is a key indicator of activity and labor demand in this service-oriented sector of the economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for understanding consumer demand and the health of North Carolina's service economy.
Key Facts
- North Carolina has the 10th largest economy in the United States.
- The personal and laundry services industry employs over 70,000 people in North Carolina.
- This sector has seen steady job growth in the state over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the personal and laundry services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and growth of a key service sector in North Carolina's economy, which is important for understanding consumer demand and overall economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend can inform policymakers and analysts about the health of North Carolina's service economy and help guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be a short delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, All Employees: Personal and Laundry Services in North Carolina (SMU37000008081200001A), retrieved from FRED.