All Employees: Administrative and Support Services in South Carolina
SMU45000006056100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.20
Year-over-Year Change
9.55%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative and support services industry in South Carolina. It is a key indicator of the state's business and economic activity.
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: Administrative and Support Services in South Carolina measure tracks the total number of people employed in the administrative and support services sector, which includes activities such as office administration, facilities support, and business support services. This data provides insight into the overall strength and growth of the state's service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and investors to analyze the health and trajectory of South Carolina's service industry.
Key Facts
- South Carolina has over 250,000 administrative and support services employees.
- The sector accounts for over 8% of the state's total employment.
- Employment in this industry has grown by 15% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the administrative and support services industry in South Carolina, including activities like office administration and business support services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and growth of South Carolina's service-based economy, which is a key driver of the state's overall economic performance.
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: Economists, policymakers, and investors use this trend to analyze the health and trajectory of South Carolina's service industry, which informs economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support Services in South Carolina (SMU45000006056100001A), retrieved from FRED.