All Employees: Management of Companies and Enterprises in Tennessee
SMU47000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.10
Year-over-Year Change
66.00%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the management of companies and enterprises industry in Tennessee. It provides insight into the state's business services sector and can inform economic policy decisions.
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: Management of Companies and Enterprises in Tennessee metric tracks the employment levels in the managerial and administrative functions of companies headquartered or operating within the state. This data offers a valuable gauge of activity in the professional and technical services industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and growth of Tennessee's business services economy.
Key Facts
- Tennessee has over 280,000 employees in the management of companies and enterprises industry.
- This sector accounts for approximately 9% of the state's total nonfarm employment.
- Employment in this industry has grown by 25% in Tennessee over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the management of companies and enterprises industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and growth of Tennessee's professional and business services sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of Tennessee's business services industry and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in Tennessee (SMU47000006055000001A), retrieved from FRED.