All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Maine
SMU23000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.20
Year-over-Year Change
1.74%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry, within the state of Maine. It provides insights into the labor market and economic activity in this important service 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 All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Maine metric tracks the employment levels in a crucial service sector that includes companies providing administrative support, waste management, and remediation services. This data is used by economists and policymakers to assess the health and growth of Maine's professional and business services industry.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic conditions and labor market dynamics in Maine's professional and business services sector, which is an important contributor to the state's overall economic performance.
Key Facts
- Maine's administrative and support services industry employs over 30,000 workers.
- This sector has experienced steady growth over the past decade.
- The administrative and support services industry accounts for approximately 5% of Maine's total employment.
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 in the administrative and support and waste management and remediation services industry, within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity in an important service industry, which is crucial for understanding the overall health and growth of Maine's professional and business services sector.
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 assess the conditions and dynamics of Maine's professional and business services industry, which is a significant contributor to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a short delay in availability due to the survey collection and processing timeline.
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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 Maine (SMU23000006056000001), retrieved from FRED.