All Employees: Legal Services in Missouri
SMU29000006054110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.20
Year-over-Year Change
4.95%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Legal Services in Missouri' trend measures the total number of employees in the legal services industry within the state of Missouri. This metric is closely watched by economists and policymakers to gauge the health and activity of the legal sector.
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
This data series tracks the total employment levels in Missouri's legal services industry, which includes law firms, lawyers, paralegals, and other legal professionals. It provides insight into the overall demand for legal services and can signal changes in the state's economic and regulatory environment.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this trend to assess the legal industry's contribution to the broader Missouri economy.
Key Facts
- Missouri's legal services industry employs over 30,000 people.
- Employment in this sector has grown by 5% over the past 5 years.
- Legal services account for 1.2% of Missouri's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the legal services industry within the state of Missouri, including law firms, lawyers, paralegals, and other legal professionals.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall demand for legal services in Missouri and can signal changes in the state's economic and regulatory environment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the legal industry's contribution to the broader Missouri economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Legal Services in Missouri (SMU29000006054110001A), retrieved from FRED.