All Employees: Federal Government in South Carolina
This dataset tracks all employees: federal government in south carolina over time.
Latest Value
38.10
Year-over-Year Change
15.81%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks the total number of employees in the federal government sector in South Carolina. It provides insights into the size and dynamics of the public sector workforce 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: Federal Government in South Carolina metric measures the total employment levels of federal government agencies and entities located within the state. This data series is a key indicator of the public sector's economic footprint and can inform analyses of government spending, labor market trends, and regional economic conditions.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and analysts to assess the fiscal health and economic impact of the federal government in South Carolina.
Key Facts
- South Carolina has over 50,000 federal government employees.
- Federal government is a major employer in the state, accounting for 5% of total nonfarm jobs.
- Employment levels in this sector have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees working for the federal government within the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: The federal government workforce is a significant component of South Carolina's economy, and monitoring employment levels in this sector provides insights into public sector activity, labor market dynamics, and government spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts closely monitor this employment trend to assess the fiscal health and economic impact of the federal government in South Carolina, which can inform decisions related to government spending, program funding, and regional economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of approximately 4-6 weeks. There are no known major limitations to the reliability or coverage of this employment series.
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Citation
U.S. Federal Reserve, All Employees: Federal Government in South Carolina (SMU45000009091000001A), retrieved from FRED.