Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Arkansas
Annual, Not Seasonally Adjusted
ARADMINWASTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,991.00
Year-over-Year Change
127.49%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures administrative and waste services employment in the United States. This metric is a key indicator of business activity and labor market trends.
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
This economic series tracks employment in the administrative and waste services industry, which includes activities such as office administration, facilities support, employment services, and waste management. It provides insights into the health and productivity of the services sector.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to assess the broader state of the economy and make informed decisions.
Key Facts
- The administrative and waste services industry employs over 9 million workers in the U.S.
- This sector accounts for approximately 6% of total U.S. employment.
- Employment in this industry has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the administrative and waste services industry, which includes activities like office administration, facilities support, and waste management.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and productivity of the services sector, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the state of the economy and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of about a month from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ARADMINWASTNGSP), retrieved from FRED.