All Employees: Information in Alabama
SMU01000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.80
Year-over-Year Change
0.44%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Information in Alabama' trend measures employment in the information sector of Alabama's economy. This is a key indicator of the state's technology and communications industries.
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 information sector includes businesses involved in publishing, telecommunications, data processing, and other information-related activities. Tracking employment in this sector provides insight into the overall strength and direction of Alabama's knowledge-based economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and competitiveness of Alabama's information technology and media industries.
Key Facts
- Alabama's information sector employs over 50,000 workers.
- Employment in this sector has grown by 10% in the past 5 years.
- The information industry accounts for 3.5% of Alabama's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Information in Alabama' trend measures the total number of people employed in the information sector of Alabama's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and direction of Alabama's knowledge-based industries, which are crucial for the state's economic competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and performance of Alabama's information technology, telecommunications, and media sectors, which are important drivers of economic development.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Information in Alabama (SMU01000005000000001A), retrieved from FRED.