All Employees: Professional and Business Services: Management of Companies and Enterprises in Utah
SMU49000006055000001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
3.43%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the management of companies and enterprises sector within the professional and business services industry in Utah. It provides insights into the state's business and economic environment.
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 Utah metric tracks the employment levels in a specific segment of Utah's professional and business services industry. This data point is useful for analyzing the state's business climate and economic performance.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and businesses interested in understanding Utah's professional services sector and its impact on the state's economy.
Key Facts
- Utah's professional and business services sector accounts for over 15% of the state's total employment.
- The management of companies and enterprises subsector has seen steady growth in recent years.
- This trend is a key indicator of Utah's business climate and economic diversification.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the management of companies and enterprises sector within the professional and business services industry in Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the business environment and economic performance of Utah's professional services sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess the state of Utah's professional services industry and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Utah (SMU49000006055000001SA), retrieved from FRED.