All Employees: Administrative and Support and Waste Management and Remediation Services in South Carolina
SMU45000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.30
Year-over-Year Change
10.85%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in South Carolina. It provides insights into the state's business service sector and economic activity.
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 South Carolina measure tracks the employment levels across a diverse range of business support services, including office administration, facilities management, waste collection, and environmental remediation. This data is useful for analyzing the strength and trends within South Carolina's service-based economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment metric to gauge the health and trajectory of South Carolina's business services industry.
Key Facts
- This measure covers over 2 million workers in South Carolina.
- Employment in this sector has grown by 8% over the past 5 years.
- Business services account for nearly 15% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and trends within South Carolina's service-based economy, which is crucial for policymakers and economists analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment metric to gauge the health and trajectory of South Carolina's business services industry, which is an important component of the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Labor Statistics' employment surveys.
Related Trends
Real Gross Domestic Product: Machinery Manufacturing (333) in South Carolina
SCMACHMANRGSP
Monthly State Retail Sales: Furniture and Home Furnishings Stores in South Carolina
MSRSSC442
Monthly State Retail Sales: Clothing and Clothing Accessories Stores in South Carolina
MSRSSC448
Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in South Carolina
SCTRANGRNDTRANQGSP
Employed Persons in South Carolina
LASST450000000000005
Gross Domestic Product: Accommodation (721) in South Carolina
SCACCOMDNGSP
Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in South Carolina (SMU45000006056000001A), retrieved from FRED.