All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in North Carolina
SMU37000006054160001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.93
Year-over-Year Change
2.89%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the management, scientific, and technical consulting services industry in North Carolina. It provides insights into the strength and growth of the professional services sector 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: Management, Scientific, and Technical Consulting Services in North Carolina series tracks the number of people employed in this specific industry and geographic area. It is a key indicator of economic activity and business investment in the professional services domain.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of North Carolina's professional services sector.
Key Facts
- North Carolina is home to a thriving professional services industry.
- Consulting services are a major component of the state's professional sector.
- Employment in this industry has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the management, scientific, and technical consulting services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the strength and growth of the professional services sector in North Carolina, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to assess the health and competitiveness of North Carolina's professional services sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions of the Current Employment Statistics (CES) survey.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in North Carolina (SMU37000006054160001SA), retrieved from FRED.