All Employees: Business Support Services in North Carolina
SMU37000006056140001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.30
Year-over-Year Change
-8.97%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the business support services industry in North Carolina. 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 North Carolina metric tracks the total number of individuals employed in the business support services sector, which includes a range of professional, scientific, and technical services. This data provides insights into the health and growth of the state's service-based economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of North Carolina's labor market and service industry performance.
Key Facts
- North Carolina is a major hub for business support services.
- Employment in this sector has grown steadily over the past decade.
- The business support services industry is a key driver of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the business support services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and growth of North Carolina's service-based 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 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: Policymakers and analysts use this metric to assess the health of North Carolina's labor market and service industry, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a slight delay in reporting to allow for collection and processing.
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Citation
U.S. Federal Reserve, All Employees: Business Support Services in North Carolina (SMU37000006056140001A), retrieved from FRED.