All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Utah
SMU49000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.90
Year-over-Year Change
-0.30%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the number of people employed in the professional, scientific, and technical services industry in Utah. It provides insight into the strength and growth of this key sector 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: Professional, Scientific, and Technical Services in Utah metric tracks employment in industries such as legal services, accounting, architecture, engineering, and scientific research. This data helps analyze Utah's labor market and economic performance in this high-skilled, knowledge-based industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and competitiveness of Utah's professional services industry.
Key Facts
- Utah's professional services sector employs over 160,000 workers.
- Employment in this industry has grown by over 25% in the past decade.
- Professional services account for nearly 10% of total employment in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the professional, scientific, and technical services industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and growth of a key high-skilled sector of Utah's economy, which is important for understanding the state's overall economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength and competitiveness of Utah's professional services industry, which is crucial for the state's economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Similar SMU Trends
All Employees: Federal Government in Utah
SMU49000009091000001A
Housing Inventory: Pending Listing Count in Utah
PENLISCOUUT
Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Utah
UTMINNQGSP
State Tax Collections: T25 Motor Vehicle Operators License for Utah
QTAXT25QTAXCAT3UTNO
High-Propensity Business Applications for Utah
HBUSAPPWNSAUT
All Employees: Financial Activities: Credit Intermediation and Related Activities in Utah
SMU49000005552200001A
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Utah (SMU49000006054000001), retrieved from FRED.