All Employees: Professional and Business Services: Business Support Services in Nebraska
SMU31000006056140001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-7.84%
Date Range
1/1/2005 - 7/1/2025
Summary
This economic trend measures the number of people employed in business support services in Nebraska, a key component of the professional and business services sector. It provides insights into the state's service-based economy and labor market conditions.
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: Business Support Services in Nebraska metric tracks employment in establishments that provide a variety of day-to-day office administrative services, such as billing, record-keeping, and personnel functions. This data is used by economists and policymakers to analyze Nebraska's service industry and broader economic performance.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in business support services employment offer insights into Nebraska's professional services industry and the overall health of the state's economy.
Key Facts
- Nebraska's business support services employed over 20,000 workers as of the latest data.
- Employment in this sector has grown by 10% over the past 5 years.
- Business support services account for about 15% of Nebraska's total professional and business services jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in business support services establishments in the state of Nebraska. This includes jobs in areas like administrative support, billing, and human resources.
Q: Why is this trend relevant for users or analysts?
A: Trends in business support services employment provide insights into the health of Nebraska's professional and service-based economy. This data is useful for economists, policymakers, and businesses analyzing labor market conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to monitor the performance of Nebraska's service sector and make informed decisions about economic development, workforce training, and other policy initiatives.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay. While comprehensive, it may not capture the most recent economic conditions in Nebraska's business support services industry.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Business Support Services in Nebraska (SMU31000006056140001), retrieved from FRED.