All Employees: Real Estate and Rental and Leasing in North Carolina
SMU37000005553000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.90
Year-over-Year Change
50.42%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the real estate and rental and leasing industry in North Carolina. It provides insight into the strength and growth of this key sector of the state's economy.
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: Real Estate and Rental and Leasing in North Carolina data series tracks the total number of people employed in this industry within the state. It is a valuable indicator of economic activity and business confidence in the real estate and leasing markets.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, investors, and industry analysts to assess the health and outlook of North Carolina's real estate market.
Key Facts
- North Carolina has the 9th largest real estate industry in the U.S.
- Employment in this sector grew by 2.5% in 2022.
- The real estate industry accounts for over 4% of North Carolina's GDP.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people employed in the real estate and rental and leasing industry within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the strength and growth of North Carolina's real estate market, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and industry analysts closely monitor this metric to assess the health and outlook of North Carolina's real estate market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Real Estate and Rental and Leasing in North Carolina (SMU37000005553000001A), retrieved from FRED.