All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in South Carolina
SMU45000006054130001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.40
Year-over-Year Change
5.18%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend tracks the number of all employees in the professional and business services sector, specifically in the architectural, engineering, and related services industry in South Carolina. It provides insights into the strength and growth of this important component of the state's economy.
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: Architectural, Engineering, and Related Services in South Carolina metric measures the total number of people employed in these specialized service fields across the state. This data is a key indicator of the demand for and health of the construction, infrastructure, and technology-oriented industries in South Carolina.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, investors, and economic analysts to assess the state's business environment and prospects for future economic growth.
Key Facts
- South Carolina has over 45,000 employees in architectural, engineering, and related services.
- This industry accounts for approximately 10% of the state's professional and business services sector.
- Employment in this field has grown by 20% in South Carolina 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 architectural, engineering, and related services industry within the professional and business services sector in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the strength and growth of a key component of South Carolina's economy, which is important for assessing the state's business environment and prospects for future economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by policymakers, investors, and economic analysts to evaluate the state's business climate and plan for future infrastructure, construction, and technology investments.
Q: Are there update delays or limitations?
A: There may be minor delays in data reporting, but the series is updated monthly by the U.S. Federal Reserve and provides a reliable, timely indication of employment trends in this industry.
Similar SMU Trends
Electric Power Carbon Dioxide Emissions, Coal for South Carolina
EMISSCO2TOTVECCOSCA
Housing Inventory: Price Increased Count in South Carolina
PRIINCCOUSC
Average Weekly Hours of All Employees: Goods Producing in South Carolina
SMU45000000600000002
All Employees: Educational Services in South Carolina
SMU45000006561000001A
State Government Tax Collections, Other License Taxes in South Carolina
SCOTHLICTAX
Total Unemployed, as a Percent of the Civilian Labor Force for South Carolina
U3UNEM3SC
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in South Carolina (SMU45000006054130001), retrieved from FRED.