All Employees: Professional and Business Services in Indiana
INPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
362.50
Year-over-Year Change
1.85%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Indiana' trend measures employment in the professional and business services sector in the state of Indiana. This economic indicator provides insight into the health and growth of a key service industry in the state.
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 professional and business services sector includes a wide range of knowledge-based occupations such as legal services, accounting, engineering, and management consulting. This employment trend offers a gauge of economic activity and labor market conditions in Indiana's professional services industries.
Methodology
The data is collected through monthly surveys of Indiana employers by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by policymakers, businesses, and analysts to assess the performance of Indiana's service economy.
Key Facts
- Indiana's professional and business services sector employs over 300,000 workers.
- This industry accounts for over 10% of total nonfarm employment in the state.
- Employment in the sector has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Indiana' trend measures the number of people employed in the professional and business services sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the health and growth of a key service industry in Indiana's economy, which is closely watched by policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Indiana employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment indicator is used by policymakers, businesses, and analysts to assess the performance and outlook of Indiana's service economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Indiana (INPBSV), retrieved from FRED.