All Employees: Business Support Services in Nebraska
SMU31000006056140001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-46.94%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the total number of employees in the business support services industry in Nebraska. It is an important indicator of economic activity and labor market 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: Business Support Services in Nebraska series tracks the total employment levels in industries such as administrative and support services, waste management and remediation services, and other business support activities across the state. This metric provides insights into the strength and growth of the local service economy.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Nebraska's service sector and make informed decisions about economic development initiatives.
Key Facts
- Nebraska's business support services sector employs over 75,000 workers.
- Employment in this industry has grown by 12% in the past 5 years.
- Business support services account for nearly 8% of Nebraska's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the business support services industry across Nebraska, including administrative, waste management, and other business support activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and growth of Nebraska's service economy, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of 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 of Nebraska's service sector and make informed decisions about economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Business Support Services in Nebraska (SMU31000006056140001A), retrieved from FRED.