All Employees: Architectural, Engineering, and Related Services in Oregon
SMU41000006054130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.30
Year-over-Year Change
49.61%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the architectural, engineering, and related services industry in the state of Oregon. It provides valuable insights into the labor market and economic activity in this important 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: Architectural, Engineering, and Related Services in Oregon metric tracks the monthly employment levels for businesses that provide architectural, engineering, and related services within the state. This data is a key indicator of the health and growth of the professional services industry in Oregon.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor employment and economic conditions in Oregon's professional services sector.
Key Facts
- Oregon's architectural and engineering services industry employs over 40,000 workers.
- Employment in this sector has grown by 15% over the past 5 years.
- The industry accounts for over 2% of Oregon's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the architectural, engineering, and related services industry within the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and growth of Oregon's professional services sector, which is an important driver of the state's economy.
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: Economists, policymakers, and industry analysts use this trend to monitor employment and economic conditions in Oregon's professional services industry, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Architectural, Engineering, and Related Services in Oregon (SMU41000006054130001A), retrieved from FRED.