All Employees: Employment Services in Utah
SMU49000006056130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.90
Year-over-Year Change
21.83%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Employment Services in Utah' trend measures employment in the employment services industry in Utah. This data is crucial for analyzing labor market dynamics and the state's economic health.
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 tracks the total number of people employed in the employment services industry in Utah. Employment services includes temporary help services, professional employer organizations, and employment placement agencies. This metric provides insight into the demand for contract and temporary labor within the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess Utah's labor market conditions and the broader service sector.
Key Facts
- Utah has a large and diverse employment services industry.
- Employment in this sector can signal changes in demand for contract and temporary workers.
- The employment services trend provides an early indicator of broader economic conditions in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the employment services industry in the state of Utah. This includes temporary help services, professional employer organizations, and employment placement agencies.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the demand for contract and temporary labor within Utah, which can signal broader trends in the state's labor market and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess labor market conditions and the health of the service sector in Utah.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in Utah (SMU49000006056130001A), retrieved from FRED.