All Employees: Education and Health Services: Nursing Care Facilities (Skilled Nursing Facilities) in Florida
Monthly, Not Seasonally Adjusted
SMU12000006562310001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.10
Year-over-Year Change
4.16%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures monthly state-level employment data for the private service-providing sector in Maine. It provides insights into the health and performance of Maine's service industry.
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 Monthly, Not Seasonally Adjusted employment series for the private service-providing sector in Maine tracks the number of jobs in industries like retail, transportation, information, finance, and professional services. This data is used by economists and policymakers to analyze economic conditions and trends in the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator offers timely insights into the Maine economy that can inform business decisions and policy responses.
Key Facts
- Maine's private service-providing sector accounts for over 70% of total state employment.
- Service industry jobs in Maine have grown by 15% over the past decade.
- Employment in Maine's private services sector is highly correlated with overall state GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly employment levels in Maine's private service-providing industries, including retail, transportation, information, finance, and professional services.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a critical driver of Maine's economy, so this data provides valuable insights into overall economic conditions and performance in the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor the health of Maine's service industry, which can inform decisions around economic development, workforce training, and other policies.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, providing timely information, but there may be revisions to earlier months' figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU12000006562310001), retrieved from FRED.