All Employees: Other Services in Oregon
SMU41000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.70
Year-over-Year Change
16.40%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Oregon' trend measures employment in the 'Other Services' sector within the state of Oregon. This metric provides insight into the health and growth of Oregon'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 'Other Services' sector encompasses a diverse range of businesses, including personal care services, religious organizations, and civic and professional associations. Tracking employment in this sector can signal broader economic conditions and consumer spending patterns in Oregon.
Methodology
This data is collected monthly by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and economists monitor this trend to assess the strength of Oregon's service industry and make informed decisions about economic policies.
Key Facts
- Oregon's 'Other Services' sector accounts for over 4% of the state's total employment.
- Employment in this sector has grown by 10% in Oregon over the past 5 years.
- The 'Other Services' sector is less cyclical than many other industries, providing stable jobs during economic downturns.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Oregon' trend measures employment in a diverse range of service-based businesses located within the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Oregon's service-based economy, which is an important part of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the strength of Oregon's service industry and make informed decisions about economic policies.
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: Other Services in Oregon (SMU41000008000000001A), retrieved from FRED.