All Employees: Administrative and Support and Waste Management and Remediation Services in Tennessee
SMU47000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
216.80
Year-over-Year Change
11.58%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of administrative and support and waste management and remediation services employees in Tennessee. It provides insights into the state's service sector workforce 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 Tennessee metric tracks the employment levels in industries providing administrative, support, waste management, and remediation services. This data point is used by economists and policymakers to gauge the health and growth of Tennessee's service-based economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding broader economic and labor market conditions in Tennessee and informing policy decisions.
Key Facts
- Tennessee has over 280,000 administrative and support services employees.
- This sector accounts for approximately 9% of the state's total employment.
- Employment in this industry has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in administrative, support, waste management, and remediation services industries located in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the health and growth of Tennessee'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 surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to monitor the service sector and inform decisions related to economic development, workforce training, and other policy initiatives in Tennessee.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, but there may be a 1-2 month lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Tennessee (SMU47000006056000001A), retrieved from FRED.