All Employees: Utilities in South Carolina
SMU45000004322000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.20
Year-over-Year Change
-7.44%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Utilities in South Carolina' trend measures the total number of employees in the utilities industry in the state of South Carolina. This data provides insights into the health and activity of the utilities sector, which is a key driver of economic growth and development.
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
This economic indicator tracks the total number of workers employed in the utilities industry in South Carolina, including electric power, natural gas, water, and sewer systems. The data is used by economists, policymakers, and industry analysts to assess the performance and outlook of the utilities sector within the state's economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The 'All Employees: Utilities in South Carolina' trend is widely referenced by investors, analysts, and government agencies to monitor the state's economic conditions and guide policy decisions.
Key Facts
- South Carolina's utilities sector employs over 25,000 workers.
- Utilities account for approximately 2% of the state's total employment.
- Employment in the utilities industry has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Utilities in South Carolina' trend measures the total number of people employed in the utilities industry, including electric power, natural gas, water, and sewer systems, within the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and outlook of the utilities sector, which is a critical component of South Carolina's economy. It is used by economists, policymakers, and industry analysts to assess economic conditions and guide decision-making.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'All Employees: Utilities in South Carolina' trend is widely referenced by investors, analysts, and government agencies to monitor the state's economic conditions and guide policy decisions related to the utilities sector and broader economic development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month between the reference period and the publication of the latest figures.
Related Trends
All Marginally Attached Workers for South Carolina
ALLMARGATSC
Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in South Carolina
SCOTHSERVENGSP
Construction Earnings in South Carolina
SCECON
All Employees: State Government in South Carolina
SMU45000009092000001A
Chain-Type Quantity Index for Real GDP: Farms (111-112) in South Carolina
SCFARMQGSP
Business Applications with Planned Wages: Total for All NAICS in South Carolina
BAWBATOTALSASC
Citation
U.S. Federal Reserve, All Employees: Utilities in South Carolina (SMU45000004322000001A), retrieved from FRED.