All Employees: Federal Government in Utah
SMU49000009091000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.40
Year-over-Year Change
16.95%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Federal Government in Utah' series measures the total number of workers employed in the federal government sector within the state of Utah. This metric is important for economists and policymakers to understand trends in public sector employment and the broader economic landscape.
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 monthly change in the number of people employed by the federal government in Utah. It offers insight into the size and stability of the public workforce, which can have significant implications for state and local economies.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring federal government employment is crucial for assessing the impact of fiscal and economic policies on labor markets.
Key Facts
- Utah's federal government workforce accounts for over 30,000 jobs.
- Federal employment in Utah has remained relatively stable in recent years.
- The federal government is a major employer in Utah, accounting for around 2% of the state's total nonfarm payrolls.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Federal Government in Utah' series tracks the total number of workers employed by the federal government within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Monitoring federal government employment in Utah provides important insights into the size and stability of the public sector workforce, which can have significant implications for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Tracking federal government employment is crucial for assessing the impact of fiscal and economic policies on local and regional labor markets.
Q: Are there update delays or limitations?
A: The federal government employment data for Utah is published monthly with minimal delays, providing timely insights for policymakers and analysts.
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Citation
U.S. Federal Reserve, All Employees: Federal Government in Utah (SMU49000009091000001A), retrieved from FRED.