All Employees: Real Estate in Utah
SMU49000005553100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.50
Year-over-Year Change
52.89%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Real Estate in Utah' trend measures total employment in the real estate industry within the state of Utah. This metric is a key indicator of economic activity and investment in the local housing and commercial property markets.
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 series tracks the total number of workers employed in real estate-related occupations across Utah, including real estate agents, brokers, property managers, and other professionals. It provides insight into the overall health and growth of the state's real estate sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in real estate employment are closely watched by policymakers, investors, and economic analysts to assess regional economic conditions and development.
Key Facts
- Utah's real estate industry employs over 55,000 workers as of the latest data.
- Real estate jobs in Utah have grown by 20% over the past 5 years.
- The real estate sector accounts for 3.5% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Real Estate in Utah' trend measures total employment in real estate-related occupations across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Trends in real estate employment provide insight into the overall health and growth of Utah's housing and commercial property markets, which is important for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor real estate employment trends to assess regional economic conditions and development, which can inform decisions around housing, zoning, and other policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Real Estate in Utah (SMU49000005553100001A), retrieved from FRED.