All Employees: Service-Providing in Arkansas
SMS05000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,146.30
Year-over-Year Change
1.53%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of service-providing employees in Arkansas. It provides insight into the state's service sector labor market and economic conditions.
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: Service-Providing in Arkansas indicator tracks the total number of non-goods-producing workers employed in the state, including those in industries like retail, healthcare, and professional services. This metric is closely watched by economists and policymakers to gauge the strength of Arkansas's service-based economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The service sector employment trend is a key input for assessing the overall health of Arkansas's economy and informing economic policy decisions.
Key Facts
- Arkansas has over 1 million service-providing employees.
- The service sector accounts for over 80% of total employment in the state.
- Service-providing jobs have grown by 10% in Arkansas over the past decade.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Service-Providing in Arkansas indicator tracks the total number of non-goods-producing workers employed in the state, including those in industries like retail, healthcare, and professional services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Arkansas's service-based economy and is closely watched by economists and policymakers to assess the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The service sector employment trend is a key input for assessing the overall health of Arkansas's economy and informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Arkansas (SMS05000000700000001), retrieved from FRED.