All Employees: Professional and Business Services: Management of Companies and Enterprises in Pennsylvania
SMU42000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.60
Year-over-Year Change
0.07%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend tracks the total employment in the management of companies and enterprises industry in Pennsylvania. It provides 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: Management of Companies and Enterprises in Pennsylvania data series measures the number of people employed in the management of companies and enterprises industry within the broader professional and business services sector in the state of Pennsylvania. This metric is used to analyze trends in the state's service-providing economy.
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 relevant for policymakers, economists, and businesses to understand the performance and dynamics of Pennsylvania's professional services industry.
Key Facts
- Pennsylvania has the fifth-largest professional and business services sector in the U.S.
- The management of companies and enterprises industry accounts for over 10% of Pennsylvania's professional services employment.
- Employment in this sector has grown by 8% in Pennsylvania over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the management of companies and enterprises industry within Pennsylvania's professional and business services sector.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the performance and dynamics of Pennsylvania's professional services industry, 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 businesses use this employment trend to understand the state of Pennsylvania's professional services sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Professional and Technical Services Earnings in Pennsylvania
PAEPRO
Chain-Type Quantity Index for Real GDP: Accommodation (721) in Pennsylvania
PAACCOMDQGSP
Industrial Carbon Dioxide Emissions, Natural Gas for Pennsylvania
EMISSCO2TOTVICNGPAA
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Pennsylvania
PAARTENTRECQGSP
Value of Exports to Australia from Pennsylvania
PAAUSA052SCEN
Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Pennsylvania
PAPCEHCE
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Pennsylvania (SMU42000006055000001), retrieved from FRED.