All Employees: Utilities in Utah
SMU49000004322000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.40
Year-over-Year Change
10.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Utilities in Utah' metric tracks the total number of employees in the utilities industry across the state of Utah. This provides insight into the economic health and labor market trends within a key sector.
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
This series represents the total number of individuals employed in utility-related occupations in Utah, including electric power generation, natural gas distribution, and water, sewage and other systems. It is a key indicator of activity and labor demand in this vital industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Utility employment levels are monitored by policymakers and analysts to assess infrastructure investment, energy supply, and economic conditions.
Key Facts
- Utah utilities employ over 10,000 workers.
- Utility jobs make up 1.5% of total employment in Utah.
- Utility employment in Utah has grown 7% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in the utilities industry across the state of Utah, including electric power, natural gas, and water/sewage systems.
Q: Why is this trend relevant for users or analysts?
A: Utility employment is a key indicator of activity, investment, and economic conditions in this vital infrastructure sector.
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: Utility employment levels are monitored by policymakers and analysts to assess infrastructure, energy supply, and overall state economic conditions.
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: Utilities in Utah (SMU49000004322000001A), retrieved from FRED.