All Employees: Wholesale Trade in Alabama
SMU01000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.70
Year-over-Year Change
9.93%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Wholesale Trade in Alabama' series measures the total number of employees in the wholesale trade sector in the state of Alabama. This metric is a key indicator of economic activity and business confidence in the region.
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 wholesale trade sector includes businesses that sell goods in large quantities to retailers, industrial, commercial, institutional, or other professional business users. This employment data provides insights into the health and trends of Alabama's wholesale industry and broader economy.
Methodology
The data is collected through a monthly survey of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this series to assess the strength of Alabama's business environment and make informed decisions.
Key Facts
- Alabama's wholesale trade sector employed over 100,000 people as of the latest data.
- Wholesale trade accounts for approximately 5% of Alabama's total non-farm employment.
- Employment in Alabama's wholesale sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Wholesale Trade in Alabama' series measures the total number of people employed in the wholesale trade industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides valuable insights into the health and performance of Alabama's wholesale trade 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 a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess the strength of Alabama's business environment and make informed decisions about economic development, taxation, and other policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Wholesale Trade in Alabama (SMU01000004100000001A), retrieved from FRED.