All Employees: Legal Services in Utah
SMU49000006054110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
16.48%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks the total number of employees in the legal services industry in the state of Utah. It provides insights into the labor market and economic activity within the legal sector.
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: Legal Services in Utah metric represents the total number of individuals employed in the legal services industry across the state. This data series is used by economists and policymakers to monitor trends in employment and assess the overall health of the legal services sector within the Utah economy.
Methodology
The data is collected through surveys of businesses and establishments in the legal services industry in Utah.
Historical Context
This trend is relevant for understanding the economic conditions and labor market dynamics in Utah's legal services sector, which has implications for the broader state economy.
Key Facts
- Utah's legal services industry employs over 20,000 people.
- Employment in this sector has grown by 15% over the past 5 years.
- Legal services account for 2.5% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the legal services industry across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and economic activity within Utah's legal services sector, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the legal services industry in Utah.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor employment and assess the health of Utah's legal services sector, which can inform economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Legal Services in Utah (SMU49000006054110001A), retrieved from FRED.