All Employees: Professional and Business Services: Office Administrative Services in Illinois
Seasonally Adjusted
SMU17000006056110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.05
Year-over-Year Change
2.42%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the level of employment in the Professional and Business Services sector, adjusted for typical seasonal fluctuations. This metric is crucial for economists and policymakers to understand underlying employment trends.
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 Seasonally Adjusted employment series provides a clearer picture of the Professional and Business Services sector by removing regular seasonal patterns. This allows for more accurate analysis of economic conditions and labor market dynamics.
Methodology
The data is collected through surveys and adjusted using statistical models to account for seasonal variations.
Historical Context
Policymakers and analysts utilize this trend to inform decisions related to economic growth, workforce development, and business climate.
Key Facts
- Professional and Business Services is a major component of the U.S. economy.
- Seasonal adjustments help identify underlying employment trends.
- This data series is updated monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the level of employment in the Professional and Business Services sector, with adjustments made to account for typical seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the underlying employment dynamics in the Professional and Business Services sector, which is a key component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and adjusted using statistical models to account for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this trend to inform decisions related to economic growth, workforce development, and business climate.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Bureau of Labor Statistics, with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU17000006056110001SA), retrieved from FRED.