All Employees: Other Services: Personal and Laundry Services in North Carolina
SMU37000008081200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.26
Year-over-Year Change
1.62%
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 insights into the labor market and service sector activity 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: Other Services: Personal and Laundry Services in North Carolina metric tracks the total employment in establishments that provide a variety of personal services, such as hair, nail, and skin care, as well as laundry and dry-cleaning services. This indicator offers a window into the health and performance of these service-oriented businesses.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of North Carolina's service economy and consumer demand.
Key Facts
- North Carolina has over 78,000 employees in personal and laundry services.
- This industry accounts for 2.4% of total nonfarm employment in the state.
- Employment in this sector has grown by 8.5% 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 and laundry services industry in North Carolina, providing insights into the labor market and service sector activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable information about the performance and health of service-oriented businesses in North Carolina, which is important for understanding consumer demand and the broader state economy.
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: Policymakers and analysts use this metric to assess the strength of North Carolina's service economy and consumer demand, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Personal and Laundry Services in North Carolina (SMU37000008081200001SA), retrieved from FRED.