All Employees: Other Services in Washington
SMU53000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.30
Year-over-Year Change
10.48%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Washington' trend measures employment in the 'other services' industry in the state of Washington. This data provides insight into the health and dynamics of the local service sector economy.
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 'Other Services' industry includes establishments engaged in activities such as equipment and machinery repair, personal care services, and religious organizations. This data serves as an important indicator of economic activity and labor market conditions in Washington state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the broader service industry and gauge regional economic performance.
Key Facts
- The 'Other Services' industry accounts for around 4% of total employment in Washington state.
- Employment in this sector has grown by over 10% in Washington since 2015.
- The 'Other Services' industry includes a diverse range of businesses, from auto repair to personal care.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Washington' trend measures employment levels in the 'other services' industry within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and dynamics of the local service sector economy, which is an important component of Washington'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: Policymakers and analysts use this metric to evaluate the broader service industry and gauge regional economic conditions in Washington state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Washington (SMU53000008000000001A), retrieved from FRED.