All Employees: Employment Services in Montana
SMU30000006056130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.10
Year-over-Year Change
54.35%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the employment services industry in Montana, which includes temporary help services, professional employer organizations, and other employee-leasing services. It provides insights into the labor market and economic conditions in the state.
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: Employment Services in Montana series tracks the number of people employed in establishments that provide employee-placement services, such as temporary staffing agencies and professional employer organizations. This data is used by economists and policymakers to analyze labor market trends and business activity in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding the state of Montana's labor market and can inform economic and workforce development policies.
Key Facts
- Employment services industry includes temp agencies and PEOs.
- Montana's employment services employment has fluctuated over time.
- This data can signal changes in business activity and hiring in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the employment services industry in Montana, which includes temporary help services, professional employer organizations, and other employee-leasing services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor market and economic conditions in Montana, as the employment services industry is a leading indicator of business activity and hiring trends in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator can inform workforce development and economic policies in Montana, as it signals changes in the labor market and business activity in the state.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions by the Bureau of Labor Statistics, and may have a delay of several weeks or months before being published.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in Montana (SMU30000006056130001A), retrieved from FRED.