All Employees: Services to Buildings and Dwellings in South Carolina
SMU45000006056170001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.20
Year-over-Year Change
17.53%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the total number of employees in the services to buildings and dwellings industry in South Carolina. It is an important indicator of economic activity and labor market conditions in the state's real estate and facilities management sectors.
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: Services to Buildings and Dwellings in South Carolina metric tracks the total employment levels for businesses that provide services such as extermination, janitorial, landscaping, and other building support activities. This data helps economists and policymakers gauge the health and trends of the local service economy.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics as part of the Current Employment Statistics program.
Historical Context
Trends in this metric are closely monitored by real estate investors, facilities managers, and state economic development agencies.
Key Facts
- South Carolina has over 60,000 employees in the services to buildings and dwellings industry.
- Employment in this sector has grown by 12% over the past 5 years.
- The services to buildings and dwellings industry accounts for 3.5% of total nonfarm employment in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the services to buildings and dwellings industry in South Carolina, including businesses that provide janitorial, landscaping, and other building support services.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and labor market conditions in South Carolina's real estate and facilities management sectors, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Bureau of Labor Statistics as part of the Current Employment Statistics program.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored by real estate investors, facilities managers, and state economic development agencies to gauge the health of the local service economy and inform policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-month delay by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Services to Buildings and Dwellings in South Carolina (SMU45000006056170001A), retrieved from FRED.