All Employees: Professional and Business Services: Business Support Services in Pennsylvania
SMU42000006056140001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.10
Year-over-Year Change
-1.55%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the professional and business services sector's business support services industry in Pennsylvania. It provides insight into the strength and growth of this key service-sector segment.
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: Business Support Services in Pennsylvania data series tracks employment levels in the business support services industry, which includes activities like office administration, facilities support, and business process outsourcing. This indicator offers a window into the health and dynamics of Pennsylvania's professional services economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by economists, policymakers, and industry analysts to assess Pennsylvania's broader economic conditions and competitiveness.
Key Facts
- Pennsylvania has over 600,000 professional and business services jobs.
- Business support services account for over 10% of the state's professional services workforce.
- This industry has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of all employees working in the business support services industry, which is part of the broader professional and business services sector, within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment indicator provides insight into the strength and growth dynamics of a key service-providing industry in Pennsylvania, offering valuable context for understanding the state's broader economic conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this employment trend to assess the health and competitiveness of Pennsylvania's professional services sector, which is an important driver of the state's overall economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months between the reference period and public release.
Related Trends
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Pennsylvania
PARETAILQQGSP
90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Pennsylvania
PECILB0T4PA42000A647NCEN
Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Pennsylvania
PAOTRANEQMANQGSP
Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Pennsylvania
PAFININSREALNGSP
Regional Price Parities: Services: Other for Pennsylvania
PARPPSERVEOTH
Housing Inventory: Active Listing Count Month-Over-Month in Pennsylvania
ACTLISCOUMMPA
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Business Support Services in Pennsylvania (SMU42000006056140001), retrieved from FRED.