All Employees: Architectural, Engineering, and Related Services in North Carolina
SMU37000006054130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.20
Year-over-Year Change
75.34%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in architectural, engineering, and related services in North Carolina. It serves as an important indicator of economic activity and labor market conditions in this key professional services 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
The All Employees: Architectural, Engineering, and Related Services in North Carolina metric tracks the total number of workers employed in industries related to architectural design, civil engineering, surveying, and other professional services. This data helps economists and policymakers assess the health and growth of North Carolina's professional services industry.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to inform economic policy decisions and assess market conditions for professional services firms in North Carolina.
Key Facts
- North Carolina is a major hub for architectural and engineering services.
- Employment in this sector has grown steadily over the past decade.
- The trend correlates closely with construction and real estate activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in architectural, engineering, and related professional services industries in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and growth of North Carolina's professional services sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess market conditions and inform decisions related to economic development, infrastructure investment, and other policies affecting the professional services industry in North Carolina.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Architectural, Engineering, and Related Services in North Carolina (SMU37000006054130001A), retrieved from FRED.