All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Arkansas
SMU05000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.70
Year-over-Year Change
-2.52%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the Professional and Business Services sector, specifically within the Administrative and Support and Waste Management and Remediation Services industry in Arkansas. It provides insight into the state's labor market and economic activity in this key 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
The All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Arkansas trend represents the total number of individuals employed in this industry, which includes businesses that provide a variety of support services to other companies, such as administrative assistance, waste management, and remediation activities.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to assess the health and growth of the service sector in Arkansas, which is an important driver of the state's economy.
Key Facts
- Arkansas is home to over 50,000 professional and business services employees.
- This industry accounts for nearly 10% of the state's total employment.
- Employment in this sector has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the Professional and Business Services sector, specifically the Administrative and Support and Waste Management and Remediation Services industry, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and growth of a key service sector in Arkansas, which is an important driver of the state's economy. It is used by economists and policymakers to assess labor market conditions and economic activity.
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 economists and policymakers to evaluate the performance of the service sector in Arkansas, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with occasional revisions to account for updated information. There may be a short delay between the reference period and the data release.
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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 Arkansas (SMU05000006056000001), retrieved from FRED.