All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Washington
SMU53000008081300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.70
Year-over-Year Change
6.73%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in religious, grantmaking, civic, professional, and similar organizations located in the state of Washington. It provides insight into the labor market and economic activity within this key service 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: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Washington metric tracks employment in a diverse range of non-profit and member-serving organizations. It is an important indicator of the strength and growth of the non-profit and service economy in the state.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, economists, and industry analysts to assess the health and dynamics of the non-profit and service economy.
Key Facts
- Washington has over 15,000 non-profit and member organizations.
- This sector employs over 200,000 people in the state.
- The non-profit workforce has grown 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in religious, grantmaking, civic, professional, and similar non-profit organizations located in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the strength and dynamics of the non-profit and service economy in Washington, which is an important part of the state's overall economic ecosystem.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this employment trend to assess the health and growth of the non-profit and service sectors in Washington.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and public release.
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Citation
U.S. Federal Reserve, All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Washington (SMU53000008081300001A), retrieved from FRED.