All Employees: Professional and Business Services in Connecticut
CTPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221.70
Year-over-Year Change
0.27%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Connecticut' series measures the number of employees in the professional and business services industry in the state of Connecticut. This is an important economic indicator that provides insights into the health and growth of the 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
This series tracks the total number of people employed in professional, scientific, and technical services, as well as administrative and support services, in the state of Connecticut. It is a valuable metric for understanding the strength and dynamics of the service-based economy in the state.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the business climate and economic performance in Connecticut.
Key Facts
- Connecticut is a leading center for professional and business services in the Northeast.
- The professional and business services sector accounts for over 15% of total employment in Connecticut.
- Employment in this sector has grown steadily in Connecticut over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of employees in the professional and business services industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of the service sector in Connecticut, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the business climate and economic performance in Connecticut.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Connecticut (CTPBSV), retrieved from FRED.