All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Maine
SMS23000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.30
Year-over-Year Change
-1.80%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the professional and business services sector, specifically in administrative and support and waste management and remediation services, within the state of Maine. It provides insights into the labor market and economic activity in this important service industry.
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: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Maine metric tracks the employment levels in this industry, which includes a range of support services such as office administration, facilities management, and waste disposal. This data is useful for analyzing the health and trends of Maine's service-based economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand the state of Maine's labor market and service sector performance.
Key Facts
- Maine's administrative and support services sector employs over 55,000 workers.
- This industry accounts for approximately 9% of Maine's total non-farm employment.
- Employment in this sector has grown by 8% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the professional and business services sector, specifically in administrative and support and waste management and remediation services, within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and trends of Maine's service-based economy, which is closely monitored by policymakers, economists, and businesses.
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: This trend is used by policymakers, economists, and businesses to understand the state of Maine's labor market and service sector performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Maine (SMS23000006056000001), retrieved from FRED.