All Employees: Social Assistance in Utah
SMU49000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
75.14%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Social Assistance in Utah trend measures the total number of people employed in the social assistance industry in the state of Utah. This metric is important for economists and policymakers to understand the labor market conditions and economic activity within the social services 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
The All Employees: Social Assistance in Utah data series tracks the total employment levels for establishments providing individual and family services, community food and housing, and emergency and other relief services in the state of Utah. This metric provides insight into the size and trends of the social assistance industry, which is a key part of the broader healthcare and social services sector.
Methodology
The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the health of Utah's social services industry and its contribution to the state's overall economy.
Key Facts
- Social assistance is a major industry in Utah, employing over 50,000 workers.
- Employment in Utah's social assistance sector has grown by 20% over the past decade.
- Social services make up nearly 4% of total employment in the state of Utah.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Social Assistance in Utah trend measures the total number of people employed in the social assistance industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size and performance of Utah's social services sector, which is a key part of the state's healthcare and social assistance industries.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments 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 health of Utah's social services industry and its contribution to the state's overall economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, so it provides timely information on employment trends in Utah's social assistance sector.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Utah (SMU49000006562400001A), retrieved from FRED.