Infra-Annual Labor Statistics: Employees Total for Turkiye
Quarterly, Not Seasonally Adjusted
LFESEETTTRQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,269,000.00
Year-over-Year Change
10.84%
Date Range
10/1/1988 - 10/1/2024
Summary
This economic trend measures the number of employees in the professional and business services sector in the United States on a quarterly basis, without seasonal adjustments. It provides important insights into the health and growth of the service 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 Quarterly, Not Seasonally Adjusted employment series for the professional and business services sector tracks the number of employees in this key part of the U.S. economy. It is a valuable indicator of economic activity and helps policymakers and analysts understand broader labor market trends.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and investors to gauge the strength of the service sector and its impact on the overall economy.
Key Facts
- The professional and business services sector accounts for over 20% of U.S. private-sector employment.
- This trend has shown steady growth since the Great Recession, reflecting the resilience of the service economy.
- Quarterly, non-seasonally adjusted data provides a more accurate picture of employment trends compared to seasonally adjusted figures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the professional and business services sector in the United States on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and growth of the service economy, which is a crucial part of the U.S. economic landscape. It helps policymakers and analysts understand broader labor market trends.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and investors to gauge the strength of the service sector and its impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of a few weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFESEETTTRQ647N), retrieved from FRED.