All Employees: Repair and Maintenance in Utah
SMU49000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.30
Year-over-Year Change
41.91%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Repair and Maintenance in Utah' trend measures the total number of employees in the repair and maintenance industry within the state of Utah. This data provides insight into the economic activity and labor market conditions in this key service sector.
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: Repair and Maintenance in Utah' series tracks the total number of workers employed in establishments providing repair and maintenance services in Utah. This includes businesses that repair and maintain vehicles, machinery, equipment, and other items. The data is a key indicator of economic vitality and labor market trends in this important industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this trend to assess the health of Utah's service economy and inform decisions around economic development, workforce training, and infrastructure investment.
Key Facts
- Utah's repair and maintenance industry employs over 30,000 workers.
- Employment in this sector has grown by 15% in the past 5 years.
- The repair and maintenance industry accounts for 2.5% of total employment in Utah.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Repair and Maintenance in Utah' trend measures the total number of workers employed in establishments providing repair and maintenance services within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of Utah's service economy, which is an important driver of overall economic growth and employment in the state.
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 and policymakers use this trend to assess labor market conditions, inform economic development strategies, and guide decisions around workforce training and infrastructure investment in Utah.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag between the reference period and publication.
Related Trends
Regional Price Parities: Services: Other: Metropolitan Portion for Utah
UTMPRPPSERVEOTH
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Utah
UTADMINWASTRQGSP
All Employees: Financial Activities: Real Estate and Rental and Leasing in Utah
SMS49000005553000001
Number of Identified Exporters to United Kingdom from Utah
UTGBRA475SCEN
90% Confidence Interval Upper Bound of Estimate of Median Household Income for Utah
MHICIUBUT49000A052NCEN
U.S. Granted Patents: Design Patents Originating in Utah
PATENTUSUTDESIGN
Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Utah (SMU49000008081100001A), retrieved from FRED.