All Employees: Professional and Business Services: Scientific Research and Development Services in Idaho
SMU16000006054170001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
-2.15%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the scientific research and development services industry in Idaho. It provides insights into the state's research and innovation capabilities, which are important for economic growth and competitiveness.
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: Scientific Research and Development Services in Idaho series tracks the monthly employment levels in this specialized sector. It is used by economists and policymakers to monitor the health and dynamics of Idaho's research and development workforce.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Historical Context
This employment trend is relevant for understanding Idaho's innovation ecosystem and its ability to attract and retain high-skilled talent in the scientific research field.
Key Facts
- Idaho's scientific research and development services employed over 7,000 workers as of the latest data.
- Employment in this sector has grown by 20% in Idaho over the past 5 years.
- The scientific research industry accounts for over 2% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees working in the scientific research and development services industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and growth of Idaho's innovation and R&D capabilities, which are important drivers of economic competitiveness and future prosperity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this trend to monitor the health of Idaho's research and development workforce and inform decisions around talent attraction, innovation funding, and supporting the state's high-tech industries.
Q: Are there update delays or limitations?
A: The employment data is published monthly with a typical 1-2 month delay. The series may not capture all self-employed or contractor roles in the scientific research sector.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Scientific Research and Development Services in Idaho (SMU16000006054170001), retrieved from FRED.