All Employees: Administrative and Support and Waste Management and Remediation Services in North Carolina
SMU37000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
323.90
Year-over-Year Change
23.72%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the administrative and support and waste management and remediation services industry in North Carolina. It is an important indicator of the health and activity of this sector within 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: Administrative and Support and Waste Management and Remediation Services in North Carolina data series tracks the total number of individuals employed in this industry, which includes companies providing services such as office administration, facilities support, waste collection, and environmental remediation.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists and policymakers to assess the strength of North Carolina's service-providing industries.
Key Facts
- North Carolina has over 260,000 employees in the administrative and waste services sector.
- This industry accounts for over 6% of the state's total nonfarm employment.
- Employment in this sector has grown by 15% in North Carolina over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the administrative and support services and waste management and remediation services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of an important service-providing sector within North Carolina's economy, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the health and activity of North Carolina's service industry, which informs economic development strategies and workforce planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in North Carolina (SMU37000006056000001A), retrieved from FRED.