All Employees: Automotive Repair and Maintenance in Idaho
SMU16000008081110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
56.82%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the automotive repair and maintenance industry in the state of Idaho. It provides important insights into the labor market and economic activity in this key 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
The All Employees: Automotive Repair and Maintenance in Idaho metric tracks the total employment in establishments that repair and maintain motor vehicles and their components, such as mechanics, auto body shops, and tire centers. This data helps economists and policymakers assess the health and trends of Idaho's automotive services industry.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used to monitor the performance and outlook of Idaho's automotive repair and maintenance market, which has implications for consumer spending, business investment, and broader economic conditions.
Key Facts
- Idaho has over 2,000 automotive repair and maintenance establishments.
- This sector employs more than 10,000 workers in the state.
- Employment in this industry has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the automotive repair and maintenance industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and performance of a key sector of Idaho's economy, with implications for consumer spending, business investment, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor the automotive repair and maintenance industry in Idaho, which can inform decisions around consumer protection, workforce development, and economic development initiatives.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of approximately one month, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Automotive Repair and Maintenance in Idaho (SMU16000008081110001A), retrieved from FRED.