All Employees: Financial Activities: Financial Investments and Related Activities Including Financial Vehicles in Illinois
Annual, Not Seasonally Adjusted
SMU17000005552300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.70
Year-over-Year Change
14.87%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted change in employment in the 'Professional and Business Services' sector in the U.S. It is a key indicator of labor market conditions and economic activity in the services 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 annual, not seasonally adjusted employment figure for the Professional and Business Services sector provides insight into long-term trends in this important component of the U.S. economy. It is commonly used by economists and policymakers to assess the health and trajectory of the services industry.
Methodology
The data is collected through the monthly Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The Professional and Business Services sector accounts for over 20% of total U.S. employment.
- This sector includes high-skilled occupations such as management, IT, and consulting.
- Annual employment growth in this sector is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted change in employment in the Professional and Business Services sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and trajectory of a key services industry, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000005552300001A), retrieved from FRED.