All Employees: Professional and Business Services: Legal Services in Missouri
SMU29000006054110001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.10
Year-over-Year Change
-1.40%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the legal services industry in Missouri. It is an important indicator of professional services employment and economic activity in the state.
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: Legal Services in Missouri series tracks the total number of employees working in the legal services industry within the state of Missouri. This metric provides insights into the size and health of the legal services sector, which is a key component of the broader professional and business services industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess the economic conditions and labor market trends in Missouri's professional services sector.
Key Facts
- Missouri's legal services industry employs over 40,000 workers.
- Legal services account for nearly 10% of the state's professional and business services workforce.
- Employment in Missouri's legal services sector has grown by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the legal services industry within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size and health of Missouri's legal services sector, which is a key component of the state's professional and business services industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to assess the economic conditions and labor market trends in Missouri's professional services sector.
Q: Are there update delays or limitations?
A: The data is updated monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Legal Services in Missouri (SMU29000006054110001), retrieved from FRED.