All Employees: Management of Companies and Enterprises in Maine
SMU23000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.50
Year-over-Year Change
69.90%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the management of companies and enterprises industry in Maine. It provides insights into the state's business services sector and overall economic activity.
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: Management of Companies and Enterprises in Maine metric tracks the number of individuals employed in the management of companies and enterprises industry within the state. This data is useful for analyzing the strength and composition of Maine's business services sector and its contribution to the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and growth of Maine's business services industry and its role in the state's overall economic performance.
Key Facts
- Maine's management of companies and enterprises industry employed over 20,000 workers as of the latest data.
- This sector accounts for approximately 3% of total employment in the state.
- Employment in this industry has grown by 10% in Maine over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the management of companies and enterprises industry within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and growth of Maine's business services sector, which is an important component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and growth of Maine's business services industry and its role in the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions by the U.S. Bureau of Labor Statistics, and may have a delay of several months before the latest information is available.
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Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in Maine (SMU23000006055000001A), retrieved from FRED.