All Employees: Service-Providing in Connecticut
SMS09000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,502.10
Year-over-Year Change
0.75%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Service-Providing in Connecticut' trend measures the total number of service-providing employees in the state of Connecticut. This metric is important for economists and policymakers to understand the health and dynamics of Connecticut's service 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
This series tracks the total number of workers employed in service-providing industries within the state of Connecticut. Service-providing sectors include trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure and hospitality, and other services.
Methodology
The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in service-sector employment provide insights into the broader economic conditions and consumer demand within Connecticut.
Key Facts
- Connecticut's service sector accounts for over 80% of total state employment.
- Service-providing jobs have grown by 8% in Connecticut over the past decade.
- The leisure and hospitality industry is the largest service-providing employer in the state.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Service-Providing in Connecticut' trend measures the total number of employees working in service-providing industries within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and dynamics of Connecticut's service sector, which is a crucial driver of the state's overall economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in service-sector employment are closely monitored by policymakers, economists, and market analysts to gauge the overall economic conditions and consumer demand within Connecticut.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Connecticut (SMS09000000700000001), retrieved from FRED.