All Employees: Private Service Providing in South Carolina
SMU45000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,660.20
Year-over-Year Change
4.88%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of private service-providing employees in South Carolina. It serves as an important indicator of the state's economic activity and labor market 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: Private Service Providing in South Carolina metric tracks the employment levels across a range of private-sector service industries in the state, including trade, transportation, utilities, information, financial activities, professional and business services, and education and health services.
Methodology
The data is collected through surveys of private-sector establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, analysts, and businesses to assess the overall health and direction of South Carolina's economy.
Key Facts
- South Carolina's private service sector accounts for over 80% of total non-farm employment.
- The private service-providing industry has seen steady growth in South Carolina over the past decade.
- This employment metric is a leading indicator of consumer demand and business investment in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of private-sector employees in service-providing industries across South Carolina, such as retail, finance, healthcare, and professional services.
Q: Why is this trend relevant for users or analysts?
A: The private service-providing employment level is a key indicator of the overall health and direction of South Carolina's economy, as the service sector is the largest component of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private-sector establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this employment metric to assess consumer demand, business investment, and the broader economic conditions in South Carolina.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. There may be revisions to prior-period estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in South Carolina (SMU45000000800000001), retrieved from FRED.