All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Indiana
SMU18000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.70
Year-over-Year Change
2.67%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the professional, scientific, and technical services industry in Indiana. It provides insights into the health and growth of this important sector of the state's economy.
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: Professional, Scientific, and Technical Services in Indiana series tracks the total number of people employed in this industry within the state. This data is useful for analyzing trends in high-skilled, knowledge-based jobs and the overall business environment.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for policymakers, businesses, and investors seeking to understand the dynamics of Indiana's professional services industry.
Key Facts
- Indiana's professional, scientific, and technical services industry employs over 200,000 people.
- This sector has seen steady growth over the past decade, reflecting the state's focus on knowledge-based industries.
- The professional services industry is a major contributor to Indiana's GDP and a key driver of economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional, scientific, and technical services industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and growth of a key sector of Indiana's economy, which is important for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers, businesses, and investors seeking to understand the dynamics of Indiana's professional services industry and its impact on the state's economic development.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the U.S. Bureau of Labor Statistics establishment surveys.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Indiana (SMU18000006054000001), retrieved from FRED.