All Employees: Professional and Business Services: Employment Services in Pennsylvania
SMU42000006056130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.92
Year-over-Year Change
1.63%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the professional and business services sector, specifically the employment services industry, within the state of Pennsylvania. It provides insights into the demand for temporary, contract, and other staffing services in the state's labor market.
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: Employment Services in Pennsylvania series tracks the number of people employed in the employment services industry, which includes temporary help services, professional employer organizations, and other staffing providers. This metric is used by economists and policymakers to monitor the strength of the state's labor market and the utilization of flexible work arrangements.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health of Pennsylvania's labor market and the role of flexible employment arrangements in the state's economy.
Key Facts
- Pennsylvania's employment services industry employs over 200,000 workers.
- The employment services sector accounts for 3.5% of Pennsylvania's total nonfarm employment.
- Employment in Pennsylvania's employment services industry has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the professional and business services sector, specifically the employment services industry, within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the demand for temporary, contract, and other staffing services in Pennsylvania's labor market, which is useful for understanding the state's economic conditions and employment trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing the health of Pennsylvania's labor market and the role of flexible employment arrangements in the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in Pennsylvania (SMU42000006056130001SA), retrieved from FRED.