All Employees: Real Estate and Rental and Leasing in Utah
SMU49000005553000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.70
Year-over-Year Change
47.02%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the real estate and rental and leasing industry in Utah. It provides insight into the health and growth of this critical sector of the state's economy.
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: Real Estate and Rental and Leasing in Utah series tracks the total nonfarm employment levels in this industry, which encompasses companies and individuals engaged in real estate, equipment and vehicle rental, and various leasing activities. This metric is a key indicator of economic activity and investment in Utah's real estate and related markets.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the strength and trajectory of Utah's real estate and rental services industries.
Key Facts
- Utah's real estate and rental/leasing sector employs over 51,000 workers as of 2022.
- This industry has seen 4.2% annual job growth on average over the past 5 years.
- Real estate and rental activities account for over 5% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the real estate, rental, and leasing industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of a critical sector of Utah's economy, helping policymakers and analysts assess economic conditions and investment in the state's real estate and related markets.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted 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 monitor the strength and trajectory of Utah's real estate and rental services industries, which are important contributors to the state's overall economic performance.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Real Estate and Rental and Leasing in Utah (SMU49000005553000001A), retrieved from FRED.