Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Utah
Annual, Not Seasonally Adjusted
UTOTHSERVENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,303.40
Year-over-Year Change
102.38%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total service-providing employment in the United States. This metric is important for economists and policymakers to understand trends in the service sector, which comprises a large portion of the U.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 'Annual, Not Seasonally Adjusted' series tracks the total number of employees in service-providing industries in the United States on an annual basis. This data is used to analyze the overall health and growth of the service sector, which includes industries like healthcare, retail, and finance.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and investors to gauge the strength of the U.S. economy.
Key Facts
- The service sector accounts for over 80% of U.S. employment.
- Service-providing industries include healthcare, retail, finance, and more.
- Annual, not seasonally adjusted data provides a high-level view of long-term trends.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total number of employees in service-providing industries in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the overall health and growth of the service sector, which is a critical component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers, economists, and investors to gauge the strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data provides a high-level view of long-term trends, but may not capture shorter-term fluctuations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (UTOTHSERVENGSP), retrieved from FRED.