All Employees: Local Government in Montana
SMU30000009093000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.90
Year-over-Year Change
1.84%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the local government sector in Montana. It is an important indicator of the size and health of the public sector in the state.
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: Local Government in Montana series tracks the total number of individuals employed by local governments in the state, including cities, counties, school districts, and other municipal entities. This data provides insights into the scale and stability of the public workforce and helps economists and policymakers analyze the role of the government sector in Montana's economy.
Methodology
The data is collected through surveys of local government employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists, public finance analysts, and policymakers to assess the fiscal health and spending capacity of local governments in Montana.
Key Facts
- Local governments employ over 50,000 workers in Montana.
- Local government employment accounts for about 10% of total nonfarm jobs in the state.
- The trend has shown modest growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working for local governments in the state of Montana, including cities, counties, school districts, and other municipal entities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the size and stability of the public sector workforce in Montana, which is an important component of the state's overall economic and fiscal health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local government employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, public finance analysts, and policymakers closely monitor this trend to assess the fiscal capacity and spending power of local governments in Montana, which can have broader implications for the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be some delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, All Employees: Local Government in Montana (SMU30000009093000001A), retrieved from FRED.