All Employees: Information: Data Processing, Hosting and Related Services in Utah
SMU49000005051800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.60
Year-over-Year Change
5.56%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the information industry's data processing, hosting, and related services sector in the state of Utah. It provides insight into the size and growth of this critical technology-driven industry within the state's 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 All Employees: Information: Data Processing, Hosting and Related Services in Utah metric tracks the monthly employment levels in this specialized information services industry. This data is used by economists and policymakers to analyze the broader trends and performance of Utah's technology and digital services sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers important context for understanding the health and competitiveness of Utah's information technology and digital infrastructure industries.
Key Facts
- Utah's data processing and hosting sector employs over 12,000 workers.
- Employment in this industry has grown by 25% in the past 5 years.
- The sector accounts for nearly 1% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the data processing, hosting, and related services industry within the information sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the size and growth of Utah's critical technology and digital services industries, which are key drivers of the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend offers important context for understanding the health and competitiveness of Utah's information technology and digital infrastructure sectors, which are priorities for economic development and policy initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Information: Data Processing, Hosting and Related Services in Utah (SMU49000005051800001A), retrieved from FRED.