All Employees: Professional and Business Services: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Pennsylvania
SMU42000006054120001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.14
Year-over-Year Change
-3.82%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the accounting, tax preparation, bookkeeping, and payroll services industry in Pennsylvania. It provides valuable insights into the state's professional and business 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: Professional and Business Services: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Pennsylvania' series tracks the number of people employed in these key professional services in the state. It offers an important indicator of economic activity and trends in the accounting and related services industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to assess the health and trajectory of Pennsylvania's professional services sector.
Key Facts
- Pennsylvania's accounting and related services employ over 120,000 people.
- Employment in this industry has grown by 8% in the past 5 years.
- The sector accounts for over 2% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the accounting, tax preparation, bookkeeping, and payroll services industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the health and direction of Pennsylvania's professional services sector, which is an important part 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 employment trend to assess the performance and outlook of Pennsylvania's professional services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Pennsylvania (SMU42000006054120001SA), retrieved from FRED.